Market Overview

Preview: Commercial Metals's Earnings

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Commercial Metals (NYSE: CMC) releases its next round of earnings this Thursday, October 15. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

Earnings and Revenue

Commercial Metals EPS will likely be near $0.59 while revenue will be around $1.37 billion, according to analysts. In the same quarter last year, Commercial Metals reported EPS of $0.76 on revenue of $1.54 billion. If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be down 22.37%. Sales would be down 11.21% from the year-ago period. Commercial Metals's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 0.41 0.50 0.54 0.70
EPS Actual 0.59 0.53 0.73 0.76
Revenue Estimate 1.30 B 1.36 B 1.43 B 1.57 B
Revenue Actual 1.34 B 1.34 B 1.39 B 1.54 B

Stock Performance

Shares of Commercial Metals were trading at $23.04 as of October 13. Over the last 52-week period, shares are up 26.33%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

The general EPS consensus estimate since that time has moved up 43.9% while revenue estimates have moved up 11.21%.

Do not be surprised to see the stock move on comments made during its conference call. Commercial Metals is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/cmc/mediaframe/40713/indexr.html

 

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Posted-In: Earnings