Commercial Metals Co expected to post earnings of $1.02 a share - Earnings Preview

Commercial Metals

18/06/2024 13:46

* Commercial Metals Co  CMC.N   CMC  is expected to show a
fall in
quarterly revenue when it reports  results on June 20 for the
period ending May 31 2024
    * The Irving Texas-based  company is expected to report a
13.8% decrease in revenue to $2.022 billion from $2.34 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Commercial Metals Co is
for
earnings of $1.02 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Commercial
Metals
Co is $62.50​, above​ its last closing price of $50.87. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  0.76        0.75       0.88      Beat    18
 Nov. 30 2024  1.47        1.45       1.63      Beat    12.4
 Aug. 31 2023  1.82        1.79       1.69      Missed  -5.3​
 Jan. 1 0001   1.84        1.76       2.02      Beat    14.8
 ​​Feb.        1.43        1.40       1.44      Beat    2.9
 28 2023                                                
 Nov. 30 2022  1.96        1.94       2.24      Beat    15.5​
 Aug. 31 2022  2.22        2.23       2.45      Beat    10
 May. 31 2022  2.09        1.99       2.61      Beat    31.3
 This summary was machine generated June 18 at 12:46 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)