Commercial Metals Company (CMC - Free Report) delivered adjusted earnings per share of 29 cents in the second quarter of fiscal 2019 (ended Feb 28, 2019), surpassing the Zacks Consensus Estimate of 25 cents. The figure also marked year-over-year improvement of 13%. Despite seasonal factors and unprecedented rainfall levels which impacted construction activity in many of its markets, the company delivered improved results thanks to the execution of various strategic growth initiatives.
Including one-time items, the company reported net income of 13 cents per share in the reported quarter compared with 8 cents in the prior-year quarter.
Net sales of $1,403 million for the reported quarter rose 33% year over year as a result of execution of various strategic growth initiatives and favorable market conditions. However, the reported figure fell short of the Zacks Consensus Estimate of $1,463 million.
Commercial Metals Company Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Commercial Metals Company (CMC - Free Report) delivered adjusted earnings per share of 29 cents in the second quarter of fiscal 2019 (ended Feb 28, 2019), surpassing the Zacks Consensus Estimate of 25 cents. The figure also marked year-over-year improvement of 13%. Despite seasonal factors and unprecedented rainfall levels which impacted construction activity in many of its markets, the company delivered improved results thanks to the execution of various strategic growth initiatives.
Including one-time items, the company reported net income of 13 cents per share in the reported quarter compared with 8 cents in the prior-year quarter.
Net sales of $1,403 million for the reported quarter rose 33% year over year as a result of execution of various strategic growth initiatives and favorable market conditions. However, the reported figure fell short of the Zacks Consensus Estimate of $1,463 million.
Commercial Metals Company Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on CMC - FREE
Get the latest research report on MTRN - FREE
Get the latest research report on IOSP - FREE
Get the latest research report on NGVT - FREE