Although the revenue and EPS for Commercial Metals (CMC) give a sense of how its business performed in the quarter ended February 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Commercial Metals (CMC) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.88 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Commercial Metals (CMC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended February 2025.
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.
CMC reported mixed fiscal Q1 results with revenue declines and margin pressures, but the North American steel business outperformed expectations on stronger pricing and good cost control. Destocking could be an issue for a couple more quarters, but longer-term non-resi indicators are turning up and highway spending should grow at a high-single-digit rate in 2025. Better European results are likely tied to a recovery in Germany, which I do expect later in 2025, and the Emerging Business segment gives valuable exposure to higher-margin downstream services.
CMC expects second-quarter fiscal 2025 consolidated financial results to decline sequentially.
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.
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) 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.
CMC's fiscal first-quarter results are likely to reflect the impacts of sluggish demand in Europe.
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.
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.