Commercial Metals Co reports results for the quarter ended in February - Earnings Summary

Commercial Metals

21/03/2024 13:31

* Commercial Metals Co  CMC.N  reported quarterly adjusted
earnings of 88 cents​​ per share for the quarter ended in
February, lower than the same quarter last year, when the
company reported EPS of $1.44.  The mean expectation of
seven analysts for the quarter was for earnings of 75 cents per
share. Wall Street expected results to range from 64 cents to 86
cents per share.
    * Revenue fell 8.4% to $1.85 billion from a year ago;
analysts
expected $1.80 billion. 
    * Commercial Metals Co's reported EPS for the quarter was 73
cents​.
    * The company reported quarterly net income of $85.85
million.
    * Commercial Metals Co shares had risen by 11.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Commercial
Metals
Co is $57.00 

This summary was machine generated from LSEG data March 21 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      0.75           0.88           Beat
 Nov. 30 2023      1.45           1.63           Beat
 Aug. 31 2023      1.79           1.69           Missed
 May. 31 2023      1.76           2.02           Beat