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Commercial Metals (CMC) gains from strong demand in North America for each of its primary product lines. However, market uncertainties in Europe remain a concern for the company.
VANCOUVER, BC / ACCESSWIRE / June 27, 2024 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to announce that the Company has completed the final payment on the Blue Heaven Property with the optionor Strategic Metals Ltd.
Commercial Metals' (CMC) Q3 top line primarily reflects the impacts of the ongoing challenging environment in Europe.
Commercial Metals Company (NYSE:CMC ) Q3 2024 Earnings Call Transcript June 20, 2024 11:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Sathish Kasinathan - Bank of America Tristan Gresser - BNP Paribas Curt Woodworth - UBS Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Alex Hacking - Citi Operator Hello, and welcome everyone, to the Third Quarter Fiscal 2024 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.
Commercial Metals (CMC) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $2.02 per share a year ago.
Commercial Metals' (CMC) fiscal third-quarter results are likely to reflect strong demand in North America, offset by weak market conditions in Europe.
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.
Commercial Metals (CMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
VANCOUVER, BC / ACCESSWIRE / June 4, 2024 / CMC Metals Ltd. (TSXV:CMB)(FRA:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to announce that the Company hopes to soon initiate geophysical studies (i.e.