Commercial Metals Company (CMC)
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.
Commercial Metals Company: Maintaining Bearish Stance On Pricey Valuation & Sustained Growth Struggles
Technicals point to a market-top on the intermediate 5-year chart. Sales, earnings & margins decreased meaningfully in fiscal 2024. A no growth environment is also expected in fiscal 2025. Management is selling investors on the TAG program (A program aimed at driving internal efficiencies agressively) but meaningful impacts will take years to develop.
Commercial Metals Earnings Miss Estimates in Q4, Sales Dip Y/Y
CMC's Q4 earnings reflect the impacts of lower sales across all segments.
Commercial Metals Company (CMC) Q4 2024 Earnings Call Transcript
Commercial Metals Company (NYSE:CMC ) Q4 2024 Earnings Call Transcript October 17, 2024 10:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Sathish Kasinathan - Bank of America Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Tristan Gresser - BNP Paribas Exane Phil Gibbs - KeyBanc Capital Markets Operator Hello, and welcome, everyone, to the Fourth Quarter and Fiscal Year 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) Misses Q4 Earnings and Revenue Estimates
Commercial Metals (CMC) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.69 per share a year ago.
Earnings Preview: Commercial Metals (CMC) Q4 Earnings Expected to Decline
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.
Why Commercial Metals (CMC) Could Beat Earnings Estimates Again
Commercial Metals (CMC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
