Commercial Metals: Q1 Earnings Insights

Shares of Commercial Metals (NYSE:CMC) were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 20.55% over the past year to $0.58, which beat the estimate of $0.54.

Revenue of $1,392,000,000 up by 0.51% from the same period last year, which beat the estimate of $1,340,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jan 11, 2021

Time: 11:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cmc/mediaframe/42590/indexr.html

Technicals

Company's 52-week high was at $24.16

Company's 52-week low was at $10.76

Price action over last quarter: Up 4.35%

Company Description

Commercial Metals operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and Poland. The company primarily manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector.