Latest news with #CMC
Yahoo
an hour ago
- Business
- Yahoo
Commercial Metals Third-Quarter Results Miss Views as North American Steel Sales Fall
Commercial Metals' (CMC) fiscal third-quarter results fell more than expected, weighed down by a dro Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
an hour ago
- Business
- Yahoo
Commercial Metals (CMC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended May 2025, Commercial Metals (CMC) reported revenue of $2.02 billion, down 2.8% over the same period last year. EPS came in at $0.74, compared to $1.02 in the year-ago quarter. The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $2.01 billion. With the consensus EPS estimate being $0.85, the EPS surprise was -12.94%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Commercial Metals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: North America - Average selling price (per ton) - Raw materials: $809 compared to the $951.15 average estimate based on three analysts. Europe - Steel products metal margin per ton: $293 compared to the $289.43 average estimate based on three analysts. North America - Average selling price (per ton) - Downstream products: $1,212 compared to the $1,252.19 average estimate based on three analysts. North America - Average selling price (per ton) - Cost of ferrous scrap utilized per ton: $360 compared to the $353.17 average estimate based on three analysts. North America - Average selling price (per ton) - Steel products metal margin per ton: $499 versus $495.12 estimated by three analysts on average. Europe - Steel products (External tons shipped): 359 thousand versus 317.31 thousand estimated by three analysts on average. Europe - Steel products - Rebar: 88 thousand compared to the 97.15 thousand average estimate based on three analysts. Europe - Steel products - Merchant and other: 271 thousand versus 220.17 thousand estimated by three analysts on average. North America - Steel products (tons shipped): 798 thousand versus the three-analyst average estimate of 812.17 thousand. Net sales from external customers- North America: $1.56 billion versus $1.60 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.5% change. Net sales from external customers- Corporate and Other: $12.65 million versus $13.13 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +30.1% change. Net sales from external customers- Europe: $247.59 million compared to the $215.88 million average estimate based on three analysts. The reported number represents a change of +18.6% year over year. View all Key Company Metrics for Commercial Metals here>>>Shares of Commercial Metals have returned +5.5% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
3 hours ago
- Business
- Yahoo
Commercial Metals (CMC) Misses Q3 Earnings Estimates
Commercial Metals (CMC) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -12.94%. A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $0.31 per share when it actually produced earnings of $0.26, delivering a surprise of -16.13%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Commercial Metals, which belongs to the Zacks Steel - Producers industry, posted revenues of $2.02 billion for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $2.08 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Commercial Metals shares have lost about 1.9% since the beginning of the year versus the S&P 500's gain of 1.5%. While Commercial Metals has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Commercial Metals was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.12 on $2.09 billion in revenues for the coming quarter and $3.02 on $7.76 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Steel - Producers is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Steel Dynamics (STLD), is yet to report results for the quarter ended June 2025. This steel producer and metals recycler is expected to post quarterly earnings of $2.54 per share in its upcoming report, which represents a year-over-year change of -6.6%. The consensus EPS estimate for the quarter has been revised 21.3% lower over the last 30 days to the current level. Steel Dynamics' revenues are expected to be $4.75 billion, up 2.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
San Francisco Chronicle
5 hours ago
- Business
- San Francisco Chronicle
Commercial Metals: Fiscal Q3 Earnings Snapshot
IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Monday reported fiscal third-quarter profit of $83.1 million. On a per-share basis, the Irving, Texas-based company said it had net income of 73 cents. Earnings, adjusted for one-time gains and costs, were 74 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. The manufacturer and recycler of steel and metal products posted revenue of $2.02 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.01 billion. _____
Washington Post
5 hours ago
- Business
- Washington Post
Commercial Metals: Fiscal Q3 Earnings Snapshot
IRVING, Texas — IRVING, Texas — Commercial Metals Co. (CMC) on Monday reported fiscal third-quarter profit of $83.1 million. On a per-share basis, the Irving, Texas-based company said it had net income of 73 cents. Earnings, adjusted for one-time gains and costs, were 74 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
