Carpenter Tech (NYSE:CRS) Stock, Quote.Headers.trade-ideas

Carpenter Tech

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.

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HWKN

Lyondellbasell Industries N.V. (NYSE: LYB) and Dacia recently partnered on the external design of the All-New Dacia Duster. The vehicle, known for its rugged elegance, now includes the durable &#34;Starkle&#34; material, owing to LYB&#39;s CirculenRecover portfolio.

LyondellBasell &amp; Dacia Develop Recycled Solution for Duster Model

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STLD

Steel Dynamics, Inc. (NASDAQ: STLD) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company&#39;s second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.

Steel Dynamics Expects Lower Q3 Earnings Amid Pricing Pressures

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Looking for broad exposure to the Small Cap Value segment of the US equity market? You should consider the JPMorgan BetaBuilders U.S. Small Cap Equity ETF (ARCA:BBSC), a passively managed exchange traded fund launched on 11/16/2020.

Should JPMorgan BetaBuilders U.S. Small Cap Equity ETF Be on Your Investing Radar?

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Lyondellbasell Industries N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyb#NYSE">LYB</a>) and Dacia recently partnered on the external design of the All-New Dacia Duster. The vehicle, known for its rugged elegance, now includes the durable &quot;Starkle&quot; material, owing to LYB&#39;s CirculenRecover portfolio. These innovative CirculenRecover polypropylene (PP) compounds utilize recycled materials and add a distinctive look to the All-New Duster model.
The development of CirculenRecover polymers demonstrates LYB&#39;s constant dedication to creating solutions for everyday sustainable living. The innovative material not only improves the appearance of vehicles but also aligns with LYB customers&#39; sustainability objectives.
The CirculenRecover polymer, a PP compound containing 20% recycled PP obtained through mechanical recycling, is created from post-industrial waste removed from the manufacturing process of items such as flexible packaging. Compared to virgin materials, this reduces CO2 emissions, demonstrating Dacia&#39;s commitment to sustainability. It is included in Dacia&#39;s &quot;Starkle&quot; material, which is utilized in exterior pieces like bumpers, trims and body side moldings on the All-New Duster model. The polymers not only function well on automobile exteriors but also provide a mold-in-color special effect with particles that showcase the usage of recycled content. This single-material solution removes additional steps, improves design efficiency and has the potential to increase part recyclability.
The All-New Dacia Duster showcases whether sustainability and modern design can coexist. LYB and Dacia are collaborating to set a new benchmark for automotive design and inspire the industry to embrace a more sustainable future.
Shares of LyondellBasell have lost 4% over the past year compared with a 4.3% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/57/78380.jpg?v=1865442346" />
Image Source: Zacks Investment Research
For the third quarter, LyondellBasell expects margins to gain from the lower costs of natural gas and natural gas liquids used in its North American and Middle Eastern production against higher oil-based expenses in most other locations. With the ongoing summer driving season, oxyfuel margins are projected to stay higher than historical levels because of high octane premiums.&nbsp;
LYB intends to operate its assets in line with market demand in the third quarter, with average operating rates of 85% for North American olefins and polyolefins (O&amp;P) assets, 80% for European O&amp;P assets and 75% for Intermediates &amp; Derivatives.
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<h3>LyondellBasell Industries N.V. Price and Consensus</h3>
<h2><img alt="LyondellBasell Industries N.V. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/4a/1726741290.png" style="height:265px; width:584px" title="" /></h2>
LyondellBasell Industries N.V. price-consensus-chart | LyondellBasell Industries N.V. Quote
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<h2>LYB&#39;s Zacks Rank &amp; Key Picks</h2>
LYB currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>).
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 111.7% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71.6% in the past year.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #2 (Buy) stock, has rallied around 99.1% in the past year.
<a href="https://www.zacks.com/stock/news/2338317/lyondellbasell-dacia-develop-recycled-solution-for-duster-model?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2338317">To read this article on Zacks.com click here.</a>

LyondellBasell & Dacia Develop Recycled Solution for Duster Model

Carpenter Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) short percent of float has fallen 10.0% since its last report. The company recently reported that it has 1.45 million shares sold short, which is 4.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Carpenter Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726771523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Carpenter Tech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Carpenter Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Carpenter Tech's peer group average for short interest as a percentage of float is 5.01%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

Peering Into Carpenter Tech's Recent Short Interest

Steel Dynamics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stld#NASDAQ">STLD</a>) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company&#39;s second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.
STLD&#39;s steel operations profitability is expected to be significantly lower than&nbsp; the second quarter due to reduced average realized pricing in the flat rolled operations. Approximately 80% of this business is contract-based, linked to lagging pricing indices. However, flat rolled steel prices have stabilized and are showing improvement, with underlying demand remaining consistent.
The metals recycling division&#39;s earnings for the third quarter of 2024 are anticipated to be in line with second-quarter results, as steady volumes offset the impact of slightly lower realized pricing.
<div class="chart_embed">
<h3>Steel Dynamics, Inc. Price and Consensus</h3>
<img alt="Steel Dynamics, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/e7/1726572063.png" style="height:265px; width:587px" title="" />
Steel Dynamics, Inc. price-consensus-chart | Steel Dynamics, Inc. Quote
In the steel fabrication segment, earnings are forecasted to be moderately lower than the previous quarter due to a slight dip in average realized pricing. However, the order backlog remains steady and extends into the first quarter of 2025, with pricing at attractive levels. Current order activity is stable and demand is expected to grow in 2025, fueled by an expected decline in interest rates, the U.S. infrastructure program and increasing onshoring efforts. This growth is likely to benefit not only steel joist and deck products but also flat rolled and long product steels.
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Demonstrating continued confidence in the company&#39;s earnings outlook and cash flow, Steel Dynamics repurchased $307 million worth of its common stock through Sept. 11, 2024.
Shares of Steel Dynamics have gained 13.1% in the past year against a 14.3% decline in its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/11/77996.jpg?v=586377325" />
Image Source: Zacks Investment Research
<h2>STLD&#39;s Zacks Rank &amp; Key Picks</h2>
Steel Dynamics currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14 per share, indicating a rise of 15.3% from the year-ago level. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days.The stock has rallied around 95% in the past year.
The Zacks Consensus Estimate for Carpenter Technology&#39;s current-year earnings is pegged at $6.06 per share, indicating a rise of 27.9% from the year-ago level. CRS&#39; earnings beat the consensus estimate in each of the trailing four quarters, with the average surprise being 15.9%. The stock has surged nearly 108.8% in the past year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the trailing four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have surged nearly 75.3% in the past year.
<a href="https://www.zacks.com/stock/news/2336978/steel-dynamics-expects-lower-q3-earnings-amid-pricing-pressures?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2336978">To read this article on Zacks.com click here.</a>

Looking for broad exposure to the Small Cap Value segment of the US equity market? You should consider the JPMorgan BetaBuilders U.S. Small Cap Equity ETF (ARCA:BBSC), a passively managed exchange traded fund launched on 11/16/2020.
The fund is sponsored by J.P. Morgan. It has amassed assets over $520.35 million, making it one of the average sized ETFs attempting to match the Small Cap Value segment of the US equity market.
<h2>Why Small Cap Value</h2>
Small cap companies have market capitalization below $2 billion. They usually have higher potential than large and mid cap companies with stocks but higher risk.
While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. Value stocks have outperformed growth stocks in nearly all markets when you consider long-term performance, growth stocks are more likely to outpace value stocks in strong bull markets.
<h2>Costs</h2>
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF&#39;s expense ratio.
Annual operating expenses for this ETF are 0.09%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.48%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Financials sector--about 19.90% of the portfolio. Healthcare and Industrials round out the top three.
Looking at individual holdings, Jpmorgan Us Govt Mmkt Fun accounts for about 1.50% of total assets, followed by Insmed Inc Common Stock (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/insm#NASDAQ">INSM</a>) and Carpenter Technology (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>).
The top 10 holdings account for about 5.66% of total assets under management.
<h2>Performance and Risk</h2>
BBSC seeks to match the performance of the MORNINGSTAR US SML CP TRG MRK EXP EXT ID before fees and expenses. The Morningstar US Small Cap Target Market Exposure Extended Index is a free-float adjusted, market-cap weighted index that targets small cap securities traded in the U.S.
The ETF has gained about 7.42% so far this year and it&#39;s up approximately 20.46% in the last one year (as of 09/16/2024). In the past 52-week period, it has traded between $48.58 and $67.50.
The ETF has a beta of 1.08 and standard deviation of 23.45% for the trailing three-year period. With about 796 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
JPMorgan BetaBuilders U.S. Small Cap Equity ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, BBSC is an excellent option for investors seeking exposure to the Style Box - Small Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Avantis U.S. Small Cap Value ETF (ARCA:AVUV) and the Vanguard Small-Cap Value ETF (ARCA:VBR) track a similar index. While Avantis U.S. Small Cap Value ETF has $12.95 billion in assets, Vanguard Small-Cap Value ETF has $29.58 billion. AVUV has an expense ratio of 0.25% and VBR charges 0.07%.
<h2>Bottom-Line</h2>
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2336240/should-jpmorgan-betabuilders-u-s-small-cap-equity-etf-bbsc-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2336240">To read this article on Zacks.com click here.</a>

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 20 years by 1.08% on an annualized basis producing an average annual return of 9.3%. Currently, Carpenter Tech has a market capitalization of $6.76 billion. 
Buying $1000 In CRS: If an investor had bought $1000 of CRS stock 20 years ago, it would be worth $5,908.89 today based on a price of $135.34 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726063223_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Carpenter Tech 20 Years Ago Would Be Worth Today

Element Solutions Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) has agreed to sell its flexographic printing plate business, MacDermid Graphics Solutions, to XSYS &mdash; a global specialist provider in the flexographic printing space &mdash; for an enterprise value of around $325 million. The transfer involves substantially all of Graphics Solutions reporting vertical of Element Solutions. An existing capital loss is expected to offset almost all of the taxable benefits from this transaction.
The net proceeds are intended to be used to further reduce leverage and for general company objectives. The acquisition is projected to close in late 2024 or the first half of 2025, depending on usual closing conditions, adjustments and regulatory approvals.
MacDermid Graphics is a quality business that is not core to Element Solutions&#39; portfolio or long-term vision, ESI noted. XSYS provides an excellent environment for its exceptional workforce. ESI&#39;s portfolio will be more concentrated and better positioned for faster growth and higher cash flow conversion in the future, with a stronger balance sheet to explore future growth opportunities in its core markets.
Shares of Element Solutions have gained 23% over the past year against a 9.3% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a7/76646.jpg?v=1072801301" />
Image Source: Zacks Investment Research
ESI, on its second-quarter call, said that it now expects adjusted EBITDA in the range of $530-$545 million for 2024. The company anticipates generating a free cash flow in the range of $280-$300 million for the year.
<div class="chart_embed">
<h3>Element Solutions Inc. Price and Consensus</h3>
<h2><img alt="Element Solutions Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/82/1725528174.png" style="height:265px; width:577px" title="" /></h2>
Element Solutions Inc. price-consensus-chart | Element Solutions Inc. Quote
</div>
<h2>Zacks Rank &amp; Other Key Picks</h2>
ESI currently carries a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>).
Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 108.4% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. The Zacks Consensus Estimate for EGO&#39;s current-year earnings has been going up in the past 30 days. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71% in the past year.
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75% from the year-ago level. The consensus mark for NEM&#39;s earnings has increased 14% in the past 60 days. NEM, a Zacks Rank #1 stock, has gained nearly 32.9% in the past year.&nbsp;
<a href="https://www.zacks.com/stock/news/2331839/element-solutions-agrees-to-divest-macdermid-graphics-solutions?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2331839">To read this article on Zacks.com click here.</a>

Element Solutions Agrees to Divest MacDermid Graphics Solutions

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ZEUS

Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Suzano S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/suz#NYSE">SUZ</a>) announced that it closed the previously mentioned acquisition of a 15% stake in Lenzing from its current majority stakeholder, B&amp;C Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgc#NASDAQ">BGC</a>). This move will help Suzano expand in new markets.
<h2>Details on Suzano&#39;s Deal With B&amp;C</h2>
In June 2024, Suzano and B&amp;C announced that they would form a long-term syndicate to together hold a 52.25% stake in the Vienna-based cellulosic fibers supplier company, Lenzing. Per their deal, Suzano will acquire a 15% stake in Lenzing and B&amp;C will hold the majority of the stake (37.25%) and remain the controlling member of the new syndicate.
Along with the 15% stake, Suzano received the right to two seats on Lenzing&#39;s board of directors.
As part of the long-term partnership, Suzano has the choice to acquire another 15% stake in Lenzing&nbsp;from B&amp;C until 2028.
<h2>Transaction to Boost Lenzing &amp; SUZ&#39;s Position</h2>
Lenzing is a global supplier of premium cellulosic fibers for the textile and non-woven industry. This deal will further strengthen Lenzing&#39;s position as a global market leader for sustainable cellulosic fibers. SUZ aims to boost Lenzing&#39;s position with its established technology, product range and technical knowledge.
SUZ will gain from Lenzing&#39;s deep-rooted understanding of pulp production and cost excellence. The partnership will help Suzano strengthen its competitive position and global presence.
The transaction marks the continuation of Suzano&#39;s strategy to focus on investments, which will enlarge its addressable market in scalable and competitive business models. The investment also moves the company closer to end consumers.
<h2>Suzano&#39;s Q2 Performance</h2>
In the second quarter of 2024, the company reported net sales of $2.2 billion, up from $1.8 billion in the prior-year quarter. The company reported an adjusted loss of 56 cents in the quarter under review against the prior-year quarter&#39;s earnings of 79 cents.
<h2>SUZ Share Price Performance</h2>
Shares of Suzano have lost 3.7% in the past year against the industry&#39;s 32.7% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a1/76253.jpg?v=2004195176" />
Image Source: Zacks Investment Research
<h2>Zacks Rank &amp; Stocks to Consider</h2>
SUZ currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>). CRS, IAG&nbsp;and EGO sport a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share. The consensus estimate for 2025 earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 155.9% in a year.
The Zacks Consensus Estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share. The consensus estimate for 2024 earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. IAG shares have gained 137% in a year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for 2024 earnings has moved 22% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 103% in a year.
<a href="https://www.zacks.com/stock/news/2330552/suzano-closes-15-stake-buyout-deal-with-lenzing-to-expand-business?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2330552">To read this article on Zacks.com click here.</a>

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Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business

BHP Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>) reported a 2% year-over-year increase in underlying attributable profit from continuing operations at $13.7 billion for fiscal 2024 (ended June 30, 2024).&nbsp;The growth was attributed to higher prices and sales volumes in BHP&#39;s iron ore and copper operations, productivity initiatives, cost discipline and favorable raw material costs. This offset the impact of lower energy coal and nickel prices and higher labor costs on profits.
BHP&#39;s underlying earnings per share were $2.70 compared with $2.65 in fiscal 2023. Earnings per American Depositary Share&nbsp;were $5.39s, higher than $5.30 in the previous fiscal year. The metric missed the Zacks Consensus Estimate of $5.52. BHP&#39;s each ADS represents two fully-paid ordinary shares.
<h2>BHP&#39;s FY24 Revenues Up 3%</h2>
Revenues for fiscal 2024 totaled $55.7 billion, which beat the Zacks Consensus Estimate of $54 billion. The top line was 3.4% higher than the prior fiscal year. The improvement was due to higher prices and sales volumes for iron ore and copper compared with the prior fiscal.&nbsp;&nbsp; This was offset by lower energy coal and nickel prices, and lower steelmaking coal volumes following the divestment of Blackwater and Daunia on April 2, 2024.
The Iron ore segment&#39;s revenues rose 13% year over year to around $28 billion and revenues in the Copper segment increased 16% to $18.6 billion. Both segments benefited from higher volumes and prices. The Coal segment&#39;s revenues plunged 30% to $7.7 billion.
<h2>BHP Delivers Solid Production Numbers for Iron &amp; Copper</h2>
The company&#39;s total iron ore production for fiscal 2024 was a record 260 Mt, up 1% year over year. Western Australia Iron Ore (WAIO)&nbsp; delivered a record iron ore production of 255 Mt (287 Mt on a 100% basis). This reflects solid supply-chain performance with increased capacity unlocked by the record production at South Flank. These gains helped offset the impacts of the continued tie-in activity for the Rail Technology Program 1.
Copper production rose 9% year over year to 1,865 kt, the highest in 15 years. Nickel production was up 2% to 81.6 kt
<h2>BHP Witnesses 4% Rise in EBITDA</h2>
Underlying earnings before interest, taxes, depreciation and amortization (EBITDA) increased 4% from the prior fiscal to $29 billion. Higher revenues and lower diesel and acid prices were offset by higher labor costs. Productivity initiatives and BHP&#39;s efforts to control costs offset higher labor costs. The underlying EBITDA margin was 54%, flat with the prior fiscal. &nbsp;
For the Iron ore segment, underlying EBITDA was up 13% year on year to $18.9 billion while the Copper segment&#39;s underlying EBITDA increased 29% to $8.6 billion. The Coal segment&#39;s underlying EBITDA plunged 54% year over year to $2.3 billion.
Profit from operations (including exceptional items of $6.1 billion) declined 24% year over year to $17.5 billion.&nbsp;
In fiscal 2024, BHP&#39;s attributable profit (for total operations) declined 39% year over year to $7.9 billion, which included an exceptional loss of $5.8 billion. The figure of $5.8 billion includes a $2.7 billion impairment of Western Australia Nickel and a $3.8 billion charge related to the Samarco dam failure, offset by a gain of $0.7 billion on disposal of the Blackwater and Daunia mines.
<h2>BHP&#39;s Cash Flow Improves, Debt Down</h2>
Net operating cash flow for fiscal 2024 was $20.7 billion compared with $18.7 billion in fiscal 2023. The improvement was attributed to lower tax and royalty-related taxation finalization payments compared with the prior fiscal. BHP Group reported a free cash flow of $11.9 billion, a significant improvement from $5.6 billion in fiscal 2023.&nbsp;
The company invested $9.3 billion in line with its Capital Allocation Framework. This included $5.9 billion in organic development and $3 billion in maintenance and decarbonization.
BHP&#39;s cash and cash equivalents as of June 30, 2024, amounted to $12.5 billion compared with $12.4 billion as of June 30, 2023. Capital and exploration expenditures totaled $9.3 billion, up 31% from the prior fiscal year.
Backed by its solid cash flow, BHP continued to repay debt and as of the end of fiscal 2024, net debt was $9.1 billion compared with $11.2 billion as of fiscal 2023 end.
BHP has budgeted capital and exploration expenditures in fiscal 2024 and 2025 to be $10 billion and $11 billion, respectively.&nbsp;
BHP&#39;s board has announced a dividend of 74 cents per share or a total of $3.8 billion. This translates to a payout ratio of 53%.
<h2>BHP&#39;s Production &amp; Unit Cost Guidance for FY25</h2>
BHP&#39;s iron ore production guidance for fiscal 2025 is in the range of 255-265.5 Mt. WAIO&#39;s production is expected to be between 250 Mt and 260 Mt (282 Mt and 294 Mt on a 100% basis).
The company expects copper production to be within the range of 1,845-2,045 kt. Production guidance for metallurgical coal is in the band of 16.5-19 Mt while the guidance for energy coal is in the range of 13-15 Mt.
Unit cost guidance for WAIO is in the range of $18.00-$19.50 per ton. Escondida unit cost is estimated to be in the band of $1.30-$1.60 per pound. Spence unit costs are expected to be between $2.00 and $2.30 per pound. Copper South Australia&#39;s unit cost is anticipated to be between $1.30 and $1.80 per pound. BMA unit cost is expected to be between $112 and $124 per ton.
<h2>BHP Stock&#39;s Price Performance</h2>
BHP Group&#39;s shares have fallen 18.4% year to date compared with the industry&#39;s 10.1% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b5/75580.jpg?v=1860463378" /> 
Image Source: Zacks Investment Research
<h2>BHP&#39;s Zacks Rank &amp; Other Key Picks</h2>
BHP Group currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>). CRS, IAG and EGO sport a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share. The consensus estimate for&nbsp; earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 102.5% year to date.
The consensus estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share. The consensus estimate for earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. IAG shares have gained 104% so far this year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for earnings has moved 22% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 37% year to date.
<a href="https://www.zacks.com/stock/news/2327883/bhp-group-fy24-earnings-revenues-improve-y-y-on-higher-prices?cid=CS-BENZ-FT-analyst_blog|earnings_article-2327883">To read this article on Zacks.com click here.</a>

BHP Group FY24 Earnings & Revenues Improve Y/Y on Higher Prices

Carpenter Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) short percent of float has risen 24.65% since its last report. The company recently reported that it has 1.62 million shares sold short, which is 4.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.54 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Carpenter Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724777116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Carpenter Tech has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Carpenter Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Carpenter Tech's peer group average for short interest as a percentage of float is 4.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Carpenter Tech?

Shares of AngloGold Ashanti PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/au#NYSE">AU</a>) scaled a new 52-week high of $32.34 on Aug 20 before ending the session lower at $32.09. The upside was fueled by a spike in gold prices.
AngloGold Ashanti has a market capitalization of $13.5 billion and currently carries a Zacks Rank #3 (Hold).
Shares of the company have gained 71.7% year to date, outpacing the industry&#39;s 28.9% growth and the S&amp;P 500&#39;s 17.7% rise. Meanwhile, the Basic Materials sector has declined 4.2% in the same time frame.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/67/74890.jpg?v=390003820" />
Image Source: Zacks Investment Research
<h3>What&#39;s Driving the Stock?</h3>
Solid H1 Results: AngloGold Ashanti&#39;s shares have gained 15% since the company reported strong first-half fiscal 2024 results on Aug 6. Adjusted earnings per share were 74 cents, a 429% improvement from 14 cents in the prior year&#39;s comparable period.&nbsp;
The substantial increase in earnings was attributed to increased gold sales, higher average gold prices and lower operating costs. Earnings also benefited from higher equity earnings from joint ventures, an increase in finance income and lower foreign exchange losses, which were partly offset by higher losses on non-hedge derivatives, rising corporate and operating expenses and increased taxation.&nbsp;
The company witnessed a significant turnaround in its Brazil operations, which also contributed to the year-over-year gain in cash flow and earnings. Last year, it&nbsp; had taken steps to restructure the business in Brazil after a sustained period of losses, which led to the improvement.&nbsp;
Gold production rose 2% year over year to 1.25 million ounces, aided by improvement at AngloGold Ashanti Minera&ccedil;&atilde;o, Serra Grande, Iduapriem, Geita and Kibali. Revenues were up 16.7% year over year to $2.55 billion.
Total cash costs per ounce decreased 1% year over year to $1,158 in the first half from $1,169 in the same period last year. This was mainly aided by improved operational performance and enhanced cost efficiency linked to the company&#39;s Full Asset Potential initiatives.
Adjusted earnings before interest, tax, depreciation and amortization increased 65% year over year in the first half to $1.118 billion. Free cash flow was an inflow of $206 million against an outflow of $205 million in the comparable period in the prior fiscal. This increase was mainly due to the turnaround in the Brazil operations, a higher average gold price received per ounce and loan repayments from Kibali, partially offset by higher capital expenditure and increased cash taxes.
Following the upbeat results, the company also declared an interim dividend of 22 cents a share.
Upbeat Outlook: AngloGold Ashanti maintained its gold production guidance for 2024 in the range of 2.65 &ndash; 2.85 million ounces. The midpoint of the guidance indicates growth of approximately 4% from 2023. The increase will be led by the ramp-up at Obuasi and Siguiri, where AngloGold Ashanti expects year-over-year recovery following the 2023 carbon-in-leach tank failure. Total cash costs are projected to be between $1,075 and&nbsp; 1,175 per ounce. &nbsp;
For 2025, gold production is expected to be in the range of 2.71-2.91 million ounces, which indicates 2% year-over-year growth. This will be driven primarily by the expected continued ramp-up at Obuasi and modest gains across multiple mines. The company expects total cash costs per ounce to be in the range of $1,050 - $1,150. Gains from the Full Asset Potential initiative and gold production efficiencies are anticipated to lower unit costs.
Rally in Gold Prices: Gold prices have gained 21.8% so far in 2024, surpassing the performance of most major asset classes. Several factors have contributed to this solid performance in 2024, including increased geopolitical tensions, the potential for monetary policy easing and continuous purchasing by central banks. The yellow metal is currently at around $2,510 per ounce supported by increasing bets on U.S interest rate cuts.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and Newmont Mining Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>). Each of these stocks sports a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share, which indicates a 27.85% increase from fiscal 2024. The consensus estimate for earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 99.9% year to date.
The Zacks Consensus Estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share, which indicates 333% year-over-year growth. The consensus estimate for earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. IAG shares have gained 104% year to date.
The Zacks Consensus Estimate for Newmont&#39;s 2024 earnings is pegged at $2.82 per share, which indicates 75% year-over-year growth. The consensus estimate for earnings has moved 15.6% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 19.2%. NEM shares have gained 24% year to date.
<a href="https://www.zacks.com/stock/news/2325259/anglogold-ashanti-au-hits-52-week-high-what-s-aiding-it?cid=CS-BENZ-FT-analyst_blog|52week_high/low-2325259">To read this article on Zacks.com click here.</a>

Commodities

AngloGold Ashanti Hits 52-Week High: What's Aiding It?

A substantial insider activity was disclosed on August 21, as Younessi, Director at Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>), reported the exercise of a large sell of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000017843/000106299324015511//Archives/edgar/data/17843/000106299324015511/0001062993-24-015511-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Younessi, Director at Carpenter Tech, a company in the Materials sector, just exercised stock options worth 9,234 shares of CRS stock with an exercise price of $33.66.
During Thursday's morning session, Carpenter Tech shares down by 0.0%, currently priced at $143.6. Considering the current price, Younessi's 9,234 shares have a total value of $1,015,214.
<h3>About Carpenter Tech</h3>
Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.
<h3>Carpenter Tech: A Financial Overview</h3>
Positive Revenue Trend: Examining Carpenter Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.33% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 23.87%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.87, Carpenter Tech showcases strong earnings per share.
</li>
</ul>
Debt Management: Carpenter Tech's debt-to-equity ratio is below the industry average at 0.43, reflecting a lower dependency on debt financing and a more conservative financial approach.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Carpenter Tech's P/E ratio of 38.81 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.62 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 18.65, Carpenter Tech demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000017843">Check Out The Full List Of Carpenter Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Witnessing An Insider Decision, Ramin Younessi Exercises Options Valued At $1.02M At Carpenter Tech

FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) recently filed regulatory applications for the Dodhylex active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the Philippines, the United States, Colombia, South Korea, Peru and Taiwan, accounting for roughly 35% of the estimated 165 million hectares of planted rice worldwide. Dodhylex active regulatory filings are planned for a number of other significant global markets.
The Herbicide Resistance Action Committee and the Weed Science Society of America have categorized Dodhylex active, FMC&#39;s brand name, as tetflupyrolimet, which is a Group 28 herbicide, thereby making it the first novel mode of action herbicide globally in more than three decades. Dodhylex active will be a significant new rotational tool for farmers to manage herbicide resistance, which is becoming an increasingly difficult concern for growers around the world.
Dodhylex active is a key improvement for the agriculture industry because it combats resistant grass weeds. According to studies, this proprietary molecule provides season-long control of resistant grass weeds in rice, irrespective of cultivation method. FMC is continuing to evaluate the application of Dodhylex active in other crops such as sugarcane, wheat, soybeans and corn.
FMC&#39;s innovation and methodical approach to develop novel molecules to facilitate food security for an expanding population and fight resistance are demonstrated by the discovery and development of Dodhylex active at the Stine Research Centre. Subject to regulatory decisions, FMC expects the first launches of Dodhylex in 2026.
Shares of FMC have lost 28.5% over the past year compared with its industry&#39;s 6.5% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ed/74850.jpg?v=386357879" />
Image Source: Zacks Investment Research
FMC, on its second-quarter call, updated its revenue outlook for full-year 2024 and now expects revenues to be between $4.30 billion and $4.50 billion, indicating a 2% decline at the midpoint from 2023. Adjusted EBITDA is now expected to be in the range of $880- $940 million, indicating a 7% decline at the midpoint from the prior year. Adjusted earnings per share are now forecast to be between $3.02 and $3.64, implying a 12% year-over-year decline at the midpoint. Full-year free cash flow is anticipated to be in the band of $400-$500 million.
FMC also forecasts third-quarter revenues to be between $1 billion and $1.09 billion, indicating a 6% increase at the midpoint from the third quarter of 2023. Adjusted EBITDA is forecast to be in the band of $165-$195 million, indicating a 3% rise from the prior-year level. Adjusted earnings per share are expected to be in the range of 39-67 cents, indicating a 20% rise at the midpoint from the third-quarter 2023 level.
<div class="chart_embed">
<h3>FMC Corporation Price and Consensus</h3>
<h3><img alt="FMC Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/d5/1724238098.png" style="height:265px; width:577px" title="" /></h3>
FMC Corporation price-consensus-chart | FMC Corporation Quote
</div>
<h3>Zacks Rank &amp; Key Picks</h3>
FMC currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>).
CRS beat the Zacks Consensus Estimate in the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have gained 154.7% in the past year.&nbsp; Carpenter Technology currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.32 per share, indicating a year-over-year rise of 131.6%. The consensus estimate for EGO&#39;s current-year earnings has gone up in the past 30 days.
EGO, which currently sports a Zacks Rank of 1, beat the consensus estimate in the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have gained roughly 107.3% in the past year.
Agnico Eagle Mines currently carries a Zacks Rank #2 (Buy). AEM beat the Zacks Consensus Estimate in the last four quarters, with the average earnings surprise being 15.7%. The company&#39;s shares have gained 73.5% in the past year.
<a href="https://www.zacks.com/stock/news/2324887/fmc-submits-regulatory-applications-for-dodhylex-active?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2324887">To read this article on Zacks.com click here.</a>

Regulations

FMC Submits Regulatory Applications for Dodhylex Active

Endeavour Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) announced that processing resumed at the Guanacevi mine site following the completion of temporary modifications.
On Aug 12, 2024, the company announced that the trunnion of the primary ball mill at the Guanacevi mill had failed, resulting in the suspension of material processing at the mill.
Since then, EXK made modifications to the plant to repurpose one of the regrind mills as the primary ball mill. However, mining will continue at a reduced rate of 400 tons per day (tpd) during this temporary period to maintain the ore body&#39;s safety and long-term viability. During this temporary phase, the plant has the potential to produce around 500 tpd or around half of its projected output capacity of 1,200 tpd.
In this period, the mining operation will concentrate on delivering the highest-grade ore to the mill while accumulating the rest. Contract mining and local third-party material procurement will be halted until the process plant operations are restored to full capacity.
These temporary solutions are expected to manage cash flow until the primary mill is fully functioning.
Due to the lower operating capacity for 15 weeks, 2024 operating costs and all in-sustaining costs will be higher than previously projected. Notably, operating costs and all other sustaining costs increased year over year in the first half of 2024.
During this decreased processing period, Guanacevi&#39;s production is expected to fall by 0.9 million to 1.1 million silver ounces and 2,000-3,000 gold ounces from its original operating outlook. The annual consolidated silver production for 2024 is estimated at 4.4-4.6 million ounces, with gold production of 36,000-38,000 ounces.
Endeavour Silver&#39;s silver-equivalent production for 2024 is expected between 7.3 million and 7.6 million ounces. It produced 4.4 million silver-equivalent ounces in the first half of 2024.
The company reported silver equivalent production of 2.16 million ounces in the second quarter of 2024, down 5% year over year. EKX produced 1.3 million ounces of silver in the quarter, down 12% from the second quarter of 2023. This was due to a 12% reduction in silver output at the Guanacev&iacute; mine and a 17% decrease at Bola&ntilde;itos, both due to lower grades.
Endeavour Silver, however, witnessed a 7% year-over-year improvement in gold production at 10,549 ounces. The rise was driven by higher gold grades mined at both Guanacev&iacute; and Bola&ntilde;itos, as well as increased gold content in third-party feed processed at Guanacev&iacute;. Gold output at the Guanacev&iacute; mine rose 9% year over year to 4,243 ounces, whereas the Bola&ntilde;itos mine&#39;s output grew 6% to 6,306 ounces.
<h3>Price Performance</h3>
Shares of EXK have gained 13.7% over the past year compared with the industry&#39;s 48.8% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b3/74749.jpg?v=42316998" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Endeavour Silver currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>). CRS, IAG&nbsp;and EGO sport a Zacks Rank #1 at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share. The consensus estimate for 2025 earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 155.9% in a year.
The Zacks Consensus Estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share. The consensus estimate for 2024 earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. CRS shares have gained 137% in a year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for 2024 earnings has moved 22% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 103% in a year.
<a href="https://www.zacks.com/stock/news/2324480/endeavour-silver-exk-restarts-guanacevi-mill-at-reduced-rate?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2324480">To read this article on Zacks.com click here.</a>

Endeavour Silver Restarts Guanacevi Mill at Reduced Rate

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 5 years by 11.38% on an annualized basis producing an average annual return of 25.52%. Currently, Carpenter Tech has a market capitalization of $7.32 billion. 
Buying $1000 In CRS: If an investor had bought $1000 of CRS stock 5 years ago, it would be worth $3,133.54 today based on a price of $146.63 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724175010_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Carpenter Tech Stock In The Last 5 Years

Covestro AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/covty#OTC">COVTY</a>) and Carlisle Construction Materials&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csl#NYSE">CSL</a>) are collaborating to bring bio-circular products into the construction industry. Covestro will provide Carlisle with methylene diphenyl diisocyanate (MDI) based on ISCC PLUS certified mass-balanced bio-circular raw materials with up to a 99% reduced product carbon footprint than fossil-based MDI.
It has a CO2 reduction potential of 2.4 kilograms (kgs) for every kg of MDI produced. This will allow Carlisle to manufacture high-performance polyiso insulating boards with lower embodied carbon.
Covestro and Carlisle&#39;s collaboration builds on a decades-long history of cooperative innovation in the construction industry. As sustainability goals for the built environment grow, the two companies are ready to create and introduce the next generation of insulating materials. Covestro will provide Carlisle with Mondur CQ 489 MS isocyanate. The CQ, or &quot;Circular Intelligence&quot; label refers to a broad range of Covestro&#39;s circular products that use at least 25% alternative raw materials produced from biomass or recycled plastics.
Carlisle plans to be net zero by 2050. Carlisle will produce bio-based rigid foam insulation with 5% bio-circular content for the SynTec, Versico, Hunter Panels and WeatherBond names. This advanced bio-based insulation is the newest addition to Carlisle Construction Materials&#39; line of sustainable building products.
Covestro operates ISCC PLUS-certified facilities in every major global market, including its manufacturing location in Baytown, TX. To fulfill its objective of being totally circular, Covestro aspires to be operationally climate-neutral (scopes 1 and 2) by 2035 and climate-neutral for scope 3 by 2050. The company currently offers hundreds of circular CQ items and is constantly increasing its product range.
Shares of Covestro have gained 16.3% over the past year compared with a 6.8% rise of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/75/74688.jpg?v=655243480" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Key Picks</h3>
COVTY currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>).
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 154.7% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.32 per share, indicating a year-over-year rise of 131.6%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 107.3% in the past year.
Agnico Eagle Mines currently carries a Zacks Rank #2 (Buy). AEM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company&#39;s shares have soared 73.5% in the past year.
<a href="https://www.zacks.com/stock/news/2324140/covestro-covty-carlisle-tie-up-for-sustainable-construction?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2324140">To read this article on Zacks.com click here.</a>

COVTY

Covestro, Carlisle Tie Up for Sustainable Construction

Cleveland-Cliffs Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clf#NYSE">CLF</a>) has stated that its employees, represented by the United Auto Workers (&quot;UAW&quot;) Local 600, approved a four-year labor deal for its Dearborn Works operations. The new deal is in effect until Jul 31, 2028, and will cover about 1,000 UAW-represented workers at Dearborn.
This equitable agreement at Dearborn is an example of the company&#39;s strong commitment to a collaborative relationship that benefits both employees and CLF as a whole. The company has strengthened its partnership with the UAW for another four years, CLF noted.
Cleveland-Cliffs&#39; adjusted earnings for the second quarter of 2024 were 11 cents per share, down from 69 cents in the prior year quarter. Revenues declined 14.9% to $5,092 million in the quarter. The company recorded steelmaking revenues of around $4.9 billion in the second quarter, a 15.4% decrease year on year.
The average net selling price per net ton of steel products was $1,125 in the second quarter, down around 10.3% year over year. External sales volumes for steel products were roughly 4 million net tons, down around 5.1% year over year.
Shares of Cleveland-Cliffs have lost 16% over the past year compared with a 0.2% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/74565.jpg?v=1080727600" />
Image Source: Zacks Investment Research
CLF, on its second-quarter call, lowered its projected capital expenditures for 2024 to $650-$700 million from $675-$725 million expected earlier. Furthermore, its goal of reducing steel unit costs by about $30 per net ton year over year is on track.
<div class="chart_embed">
<h3>Cleveland-Cliffs Inc. Price and Consensus</h3>
<h3><img alt="Cleveland-Cliffs Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/03/1724060551.png" style="height:265px; width:577px" title="" /></h3>
Cleveland-Cliffs Inc. price-consensus-chart | Cleveland-Cliffs Inc. Quote
</div>
<h3>Zacks Rank &amp; Key Picks</h3>
CLF currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>).
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 153.7% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.32 per share, indicating a year-over-year rise of 131.6%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 103.4% in the past year.
Agnico Eagle Mines currently carries a Zacks Rank #2 (Buy). AEM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company&#39;s shares have soared 71.7% in the past year.
<a href="https://www.zacks.com/stock/news/2323555/cleveland-cliffs-clf-announces-ratification-of-new-labor-deal?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2323555">To read this article on Zacks.com click here.</a>

Cleveland-Cliffs Announces Ratification of New Labor Deal

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 20 years by 1.61% on an annualized basis producing an average annual return of 9.83%. Currently, Carpenter Tech has a market capitalization of $6.89 billion. 
Buying $100 In CRS: If an investor had bought $100 of CRS stock 20 years ago, it would be worth $676.94 today based on a price of $138.98 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723471219_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Carpenter Tech 20 Years Ago Would Be Worth This Much Today

A large exercise of company stock options by TIMOTHY LAIN, SVP and CFO at Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) was disclosed in a new SEC filing on August 5, as part of an insider exercise.
What Happened: LAIN, SVP and CFO at Carpenter Tech, exercised stock options for 2,255 shares of CRS stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000017843/000106299324014445//Archives/edgar/data/17843/000106299324014445/0001062993-24-014445-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The exercise price of the options was $53.95 per share.
As of Tuesday morning, Carpenter Tech shares are up by 3.01%, with a current price of $137.0. This implies that LAIN's 2,255 shares have a value of $187,277.
<h3>Unveiling the Story Behind Carpenter Tech</h3>
Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.
<h3>Key Indicators: Carpenter Tech's Financial Health</h3>
Positive Revenue Trend: Examining Carpenter Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.62% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 23.86%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Carpenter Tech's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 1.87.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.43.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 35.95 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.42 is above industry norms, reflecting an elevated valuation for Carpenter Tech's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Carpenter Tech's EV/EBITDA ratio, surpassing industry averages at 17.86, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Understanding the Significance of Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000017843">Check Out The Full List Of Carpenter Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

At Carpenter Tech, TIMOTHY LAIN Chooses To Exercise Options, Resulting In $187K

Highlighted on August 5, it was unveiled in an SEC filing that Thene, President and CEO at Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>), executed a significant transaction involving the exercise of company stock options.
What Happened: A notable Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0000017843/000106299324014447//Archives/edgar/data/17843/000106299324014447/0001062993-24-014447-index.htm">U.S. Securities and Exchange Commission</a> revealed that Thene, President and CEO at Carpenter Tech, exercised stock options for 10,524 shares of CRS, resulting in a transaction value of $874,018.
The Tuesday morning market activity shows Carpenter Tech shares up by 3.01%, trading at $137.0. This implies a total value of $874,018 for Thene's 10,524 shares.
<h3>All You Need to Know About Carpenter Tech</h3>
Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.
<h3>Carpenter Tech: Financial Performance Dissected</h3>
Revenue Growth: Over the 3 months period, Carpenter Tech showcased positive performance, achieving a revenue growth rate of 16.62% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 23.86%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Carpenter Tech's EPS is below the industry average. The company faced challenges with a current EPS of 1.87. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Carpenter Tech's debt-to-equity ratio is below the industry average. With a ratio of 0.43, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 35.95 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.42 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 17.86 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>The Insider's Guide to Important Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000017843">Check Out The Full List Of Carpenter Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Major Decision: Tony Thene Exercises Options, Realizing $874K At Carpenter Tech

Benchmark Co. analyst Josh Sullivan maintained a Buy rating on Carpenter Technology (CRS – Research Report) today and set a price target of $140.00...

Benchmark Co. Sticks to Its Buy Rating for Carpenter Technology (CRS)

Trump Trade: Top 5 Stocks If Trump Wins The Election (SA Quant)

Notable earnings before Thursday's open

Carpenter Technology Non-GAAP EPS of $1.82 beats by $0.31, revenue of $798.7M beats by $34.94M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Carpenter Tech (NYSE:<a href="https://investorplace.com/stock-quotes/crs-stock-quote/">CRS</a>) just reported results for the fourth quarter of 2024.<ul><li>Carpenter Tech reported earnings per share of $1.82. This was above the analyst estimate for EPS of $1.51.</li><li>The company reported revenue of $798.70 million.</li><li>This was 4.58% better than the analyst estimate for revenue of $763.75 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/crs-stock-earnings-carpenter-tech-for-q4-of-2024/">CRS Stock Earnings: Carpenter Tech Beats EPS, Beats Revenue for Q4 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CRS Stock Earnings: Carpenter Tech Beats EPS, Beats Revenue for Q4 2024

Carpenter Technology Corporation (CRS) Q4 2024 Earnings Call Transcript

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Carpenter Technology Names Brian Malloy Chief Operating Officer

Carpenter Technology Announces Conference Call and Webcast

Carpenter Technology Declares Quarterly Cash Dividend

Carpenter Technology Reports Second Quarter Fiscal Year 2024 Results

Carpenter Technology Reports Third Quarter Fiscal Year 2024 Results

Carpenter Technology Reports Fourth Quarter and Fiscal Year 2024 Results

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Carpenter Tech

Carpenter Tech (CRS) Forecast

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