Corrected: BUZZ-Commercial Metals jumps after Q4 results beat estimates

Commercial Metals

15/10/2026 12:39

Corrects final bullet to say YTD loss is up to last close, not including session's move
** Steelmaker Commercial Metals' CMC.N shares climb 4.15% to $68 premarket
** Co reports Q4 adj. EPS of $2.09 per share, beating analysts' average estimate of $1.97 — data compiled by LSEG
** CMC reports quarterly revenue of $2.66 bln, beating analyst expectations of $2.57 bln
** Co targets about $100 million in incremental annualized EBITDA from margin-improvement initiatives in FY27
** 9 of 14 brokerages rate the stock "buy" or higher and 5 "hold"; median PT $80 
** Stock trading at 8.57 times expected EPS over the next 12 months, well above industry median of 3.25
** As of last close, CMC down over 5% YTD

 (Reporting by Jayasree Prabhu)
 ((Jayasree.Prabhu@thomsonreuters.com))