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

Commercial Metals

08/01/2024 14:32

* Commercial Metals Co  CMC.N  reported quarterly adjusted
earnings of $1.63​​ per share for the quarter ended in November,
lower than the same quarter last year, when the company reported
EPS of $2.24.  The mean expectation of five analysts for the
quarter was for earnings of $1.45 per share. Wall Street
expected results to range from $1.36  to $1.53 per share.
    * Revenue fell 10.1% to $2.00 billion from a year ago;
analysts
expected $1.89 billion. 
    * Commercial Metals Co's reported EPS for the quarter was
$1.49​.
    * Commercial Metals Co shares had fallen by 3.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "buy"

Wall Street's median 12-month price target for Commercial Metals
Co is $55.00 
This summary was machine generated from LSEG data January 8 at
02:31 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
 Nov. 30 2023      1.45           1.63           Beat
 Aug. 31 2023      1.79           1.69           Missed
 May. 31 2023      1.76           2.02           Beat
 Feb. 28 2023      1.40           1.44           Beat