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Countdown to Commercial Metals (CMC) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
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Analysts on Wall Street project that Commercial Metals (CMC - Free Report) will announce quarterly earnings of $1.97 per share in its forthcoming report, representing an increase of 43.8% year over year. Revenues are projected to reach $2.44 billion, increasing 15.6% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Commercial Metals metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net sales to external customers- Construction Solutions Group' at $399.07 million. The estimate points to a change of +80% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net sales from external customers- North America' of $1.75 billion. The estimate indicates a year-over-year change of +8.1%.
According to the collective judgment of analysts, 'Net sales from external customers- Europe' should come in at $290.98 million. The estimate suggests a change of +10.5% year over year.
Based on the collective assessment of analysts, 'Net sales from external customers- Corporate and Other' should arrive at $10.36 million. The estimate points to a change of -22.7% from the year-ago quarter.
Analysts expect 'North America - Average selling price (per ton) - Raw materials' to come in at $938.73 . Compared to the present estimate, the company reported $881.00 in the same quarter last year.
Analysts' assessment points toward 'Europe - Steel products metal margin per ton' reaching $340.83 . Compared to the current estimate, the company reported $317.00 in the same quarter of the previous year.
It is projected by analysts that the 'North America - Average selling price (per ton) - Downstream products' will reach $1267.40 . The estimate is in contrast to the year-ago figure of $1214.00 .
Analysts forecast 'North America - Average selling price (per ton) - Cost of raw materials per ton' to reach $709.81 . Compared to the current estimate, the company reported $649.00 in the same quarter of the previous year.
The consensus estimate for 'North America - Average selling price (per ton) - Cost of ferrous scrap utilized per ton' stands at $365.35 . Compared to the present estimate, the company reported $314.00 in the same quarter last year.
Analysts predict that the 'North America - Average selling price (per ton) - Steel products metal margin per ton' will reach $620.16 . The estimate is in contrast to the year-ago figure of $568.00 .
The consensus among analysts is that 'Europe - Steel products (External tons shipped)' will reach 398.42 thousand. Compared to the current estimate, the company reported 374.00 thousand in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Europe - Steel products - Rebar' will likely reach 125.58 thousand. The estimate is in contrast to the year-ago figure of 117.00 thousand.
Commercial Metals shares have witnessed a change of -4.9% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), CMC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Commercial Metals (CMC) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Analysts on Wall Street project that Commercial Metals (CMC - Free Report) will announce quarterly earnings of $1.97 per share in its forthcoming report, representing an increase of 43.8% year over year. Revenues are projected to reach $2.44 billion, increasing 15.6% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Commercial Metals metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net sales to external customers- Construction Solutions Group' at $399.07 million. The estimate points to a change of +80% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net sales from external customers- North America' of $1.75 billion. The estimate indicates a year-over-year change of +8.1%.
According to the collective judgment of analysts, 'Net sales from external customers- Europe' should come in at $290.98 million. The estimate suggests a change of +10.5% year over year.
Based on the collective assessment of analysts, 'Net sales from external customers- Corporate and Other' should arrive at $10.36 million. The estimate points to a change of -22.7% from the year-ago quarter.
Analysts expect 'North America - Average selling price (per ton) - Raw materials' to come in at $938.73 . Compared to the present estimate, the company reported $881.00 in the same quarter last year.
Analysts' assessment points toward 'Europe - Steel products metal margin per ton' reaching $340.83 . Compared to the current estimate, the company reported $317.00 in the same quarter of the previous year.
It is projected by analysts that the 'North America - Average selling price (per ton) - Downstream products' will reach $1267.40 . The estimate is in contrast to the year-ago figure of $1214.00 .
Analysts forecast 'North America - Average selling price (per ton) - Cost of raw materials per ton' to reach $709.81 . Compared to the current estimate, the company reported $649.00 in the same quarter of the previous year.
The consensus estimate for 'North America - Average selling price (per ton) - Cost of ferrous scrap utilized per ton' stands at $365.35 . Compared to the present estimate, the company reported $314.00 in the same quarter last year.
Analysts predict that the 'North America - Average selling price (per ton) - Steel products metal margin per ton' will reach $620.16 . The estimate is in contrast to the year-ago figure of $568.00 .
The consensus among analysts is that 'Europe - Steel products (External tons shipped)' will reach 398.42 thousand. Compared to the current estimate, the company reported 374.00 thousand in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Europe - Steel products - Rebar' will likely reach 125.58 thousand. The estimate is in contrast to the year-ago figure of 117.00 thousand.
View all Key Company Metrics for Commercial Metals here>>>Commercial Metals shares have witnessed a change of -4.9% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), CMC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .