Commercial Metals Q1 Earnings Meet Estimates, Sales Declines Y/Y
CMC expects second-quarter fiscal 2025 consolidated financial results to decline sequentially.
Commercial Metals Company (CMC) Q1 2025 Earnings Call Transcript
Commercial Metals Company (NYSE:CMC ) Q1 2025 Earnings Conference Call January 6, 2024 11:00 AM ET Company Participants Peter Matt - President and Chief Executive Officer Paul Lawrence - Senior Vice President and Chief Financial Officer Conference Call Participants Sathish Kasinathan - Bank of America Katja Jancic - BMO Capital Markets Phil Gibbs - KeyBanc Capital Markets Navis Lu - BNP Alex Hacking - Citi Operator Hello and welcome everyone to the Fiscal 2025 First Quarter Earnings Call for CMC. Joining me on today's call are Peter Matt, CMC's President and Chief Executive Officer; and Paul Lawrence, Senior Vice President and Chief Financial Officer.
Here's What Key Metrics Tell Us About Commercial Metals (CMC) Q1 Earnings
While the top- and bottom-line numbers for Commercial Metals (CMC) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Commercial Metals (CMC) Q1 Earnings Meet Estimates
Commercial Metals (CMC) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.63 per share a year ago.
What's in the Offing for Commercial Metals Stock in Q1 Earnings?
CMC's fiscal first-quarter results are likely to reflect the impacts of sluggish demand in Europe.
Unlocking Q1 Potential of Commercial Metals (CMC): Exploring Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Commercial Metals (CMC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended November 2024.
Analysts Estimate Commercial Metals (CMC) to Report a Decline in Earnings: What to Look Out for
Commercial Metals (CMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
How To Earn $500 A Month From Commercial Metals Stock Ahead Of Q1 Earnings
Commercial Metals Company CMC will release earnings results for the first quarter before the opening bell on Monday, Jan. 6, 2025.
Commercial Metals initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Mike Harris initiated coverage of Commercial Metals with a Buy rating and $75 price target. The prevailing sentiment towards the U.S. steel industry seems pessimistic given concerns on global over supply and weak but improving pricing, the analyst tells investors in a research note. The firm is more positive given its belief that both cyclical and structural factors could drive earnings growth for the domestic steel industry despite a weaker global backdrop. Goldman believes the U.S. steel industry and the stocks are near or at the trough of the current cycle.
Bear of the Day: Commercial Metals (CMC)
Growth has been strong in this scrap metals company, but estimates for next year are well off the highs.
3 Steel Producer Stocks to Watch Amid Industry Headwinds
Weaker steel prices and the sluggishness in China mar prospects of the Zacks Steel Producers industry. STLD, CMC and SID are well poised to navigate the current challenging environment.
CMC's Attractive Valuation Is An Opportunity To Invest In A Shareholder-Friendly Business
The firm's NOPAT margin (NOPAT margin/Revenue) has fallen to its lowest level since 2021, to 7.39% compared to 9.76% in 2023. With a stock price of $54 at the time of writing, CMC has a price-to-EBV per share of 1.22. The long-term evolution is one of growing ROIC, from more than 6% in 2019 to just over 9% in 2024.
