Commercial Metals Co expected to post earnings of 73 cents a share - Earnings Preview

Commercial Metals

19/03/2024 12:49

* Commercial Metals Co  CMC.N   CMC  is expected to show a
fall in
quarterly revenue when it reports  results on March 21 for the
period ending February 29 2024
    * The Irving Texas-based  company is expected to report a
10.8% decrease in revenue to $1.8 billion from $2.02 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 73 cents 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 had risen by
about 1.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Commercial
Metals
Co is $57.00​, above​ its last closing price of $53.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  1.47        1.45       1.63      Beat    12.4
 Aug. 31 2023  1.82        1.79       1.69      Missed  -5.3
 May. 31 2023  1.84        1.76       2.02      Beat    14.8​
 Feb. 28 2023  1.43        1.40       1.44      Beat    2.9
 ​​Nov.        1.96        1.94       2.24      Beat    15.5
 30 2022                                                
 Aug. 31 2022  2.22        2.23       2.45      Beat    10​
 May. 31 2022  2.09        1.99       2.61      Beat    31.3
 Feb. 28 2022  1.58        1.33       1.53      Beat    15.4
 This summary was machine generated March 19 at 12:49 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)