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The Zacks Consensus Estimate for CRS’s sales is pegged at $805.1 million, indicating a 9.7% rise from the year-ago reported figure.
The consensus estimate for Carpenter Technology’s earnings is pegged at $2.94 per share. The Zacks Consensus Estimate for CRS’s earnings has inched up 1.1% in the past 60 days. The estimate indicates year-over-year growth of 21%.
Image Source: Zacks Investment Research
CRS’s Solid Earnings Surprise History
Carpenter Technology’s earnings beat the Zacks Consensus Estimates in the trailing four quarters, the average surprise being 8.4%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for Carpenter Technology
Our proven model does not conclusively predict an earnings beat for CRS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here, as you can see below.
You can uncover the best stocks before they are reported with our Earnings ESP Filter. Earnings ESP: Carpenter Technology has an Earnings ESP of 0.00%.
Zacks Rank: CRS currently has a Zacks Rank of 2.
Factors Likely to Have Shaped Up CRS’s Q2 Performance
Carpenter Technology has been witnessing growth in aerospace, defense and medical applications, which is anticipated to get reflected in the first-quarter fiscal 2027 results. In the quarter, demand is expected to have accelerated across all aerospace sub-markets as the supply chain ramped up to meet increasing travel demand.
However, the company has been facing uneven trends across the Medical and Distribution end-use markets, which are likely to have affected its performance.
Nonetheless, gains from increased productivity across Carpenter Technology’s facilities, higher prices, an improved product mix and increased volumes are expected to have negated these headwinds. The impacts of these are likely to get reflected in the company’s margin.
We expect the Specialty Alloys Operations segment’s sales to be $705 million in the quarter, indicating a rise of 6.9% from the year-ago quarter’s reported figure. Our model estimates the segment to sell 47,983 pounds in the first quarter of fiscal 2027, indicating growth of 7.2% from that reported in the first quarter of fiscal 2026. We expect the operating profit to be $221 million, indicating growth from the $171 million reported in first-quarter fiscal 2026.
We expect Performance Engineered Products’ net sales to rise 1.7% year over year to $95.2 million. Our model predicts the segment to sell 2,499 pounds in the quarter, indicating a rise of 9.4%. Our estimate for the segment’s operating profit is $6.7 million. The segment reported an operating profit of $9.4 million in the year-ago quarter.
Carpenter Technology Stock’s Price Performance
CRS shares have gained 57.2% in the past year compared with the industry’s 49.2% growth.
Stocks to Consider
Here are some Basic Material stocks with the right combination of elements to post an earnings beat in their upcoming releases.
The Zacks Consensus Estimate for earnings for Reliance for the third quarter of 2026 is pegged at $6.76 per share, suggesting an 85.7% year-over-year increase. Reliance has a trailing four-quarter average earnings surprise of 3.15%.
OR Royalties Inc. (OR - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 11, has an Earnings ESP of +0.88% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for OR Royalties’ earnings for the third quarter of 2026 is pegged at 27 cents per share, indicating 22.7% growth from the year-ago quarter’s reported figure. OR Royalties has a trailing four-quarter average earnings surprise of 9.98%.
FreeportMcMoRan (FCX - Free Report) , scheduled to release third-quarter 2026 earnings on Oct. 27, has an Earnings ESP of +1.77% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for earnings for FreeportMcMoRan for the third quarter of 2026 is 75 cents per share, indicating a 50% year-over-year increase. FreeportMcMoRan has a trailing four-quarter average earnings surprise of 32.61%.
View the Zacks #1 Rank List
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Carpenter Technology Set to Report Q1 Earnings: What to Expect?
Key Takeaways
Carpenter Technology Corporation (CRS - Free Report) is scheduled to report first-quarter fiscal 2027 results on Oct. 22, before the opening bell.
The Zacks Consensus Estimate for CRS’s sales is pegged at $805.1 million, indicating a 9.7% rise from the year-ago reported figure.
The consensus estimate for Carpenter Technology’s earnings is pegged at $2.94 per share. The Zacks Consensus Estimate for CRS’s earnings has inched up 1.1% in the past 60 days. The estimate indicates year-over-year growth of 21%.
CRS’s Solid Earnings Surprise History
Carpenter Technology’s earnings beat the Zacks Consensus Estimates in the trailing four quarters, the average surprise being 8.4%.
What the Zacks Model Unveils for Carpenter Technology
Our proven model does not conclusively predict an earnings beat for CRS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here, as you can see below.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: Carpenter Technology has an Earnings ESP of 0.00%.
Zacks Rank: CRS currently has a Zacks Rank of 2.
Factors Likely to Have Shaped Up CRS’s Q2 Performance
Carpenter Technology has been witnessing growth in aerospace, defense and medical applications, which is anticipated to get reflected in the first-quarter fiscal 2027 results. In the quarter, demand is expected to have accelerated across all aerospace sub-markets as the supply chain ramped up to meet increasing travel demand.
However, the company has been facing uneven trends across the Medical and Distribution end-use markets, which are likely to have affected its performance.
Nonetheless, gains from increased productivity across Carpenter Technology’s facilities, higher prices, an improved product mix and increased volumes are expected to have negated these headwinds. The impacts of these are likely to get reflected in the company’s margin.
We expect the Specialty Alloys Operations segment’s sales to be $705 million in the quarter, indicating a rise of 6.9% from the year-ago quarter’s reported figure. Our model estimates the segment to sell 47,983 pounds in the first quarter of fiscal 2027, indicating growth of 7.2% from that reported in the first quarter of fiscal 2026. We expect the operating profit to be $221 million, indicating growth from the $171 million reported in first-quarter fiscal 2026.
We expect Performance Engineered Products’ net sales to rise 1.7% year over year to $95.2 million. Our model predicts the segment to sell 2,499 pounds in the quarter, indicating a rise of 9.4%. Our estimate for the segment’s operating profit is $6.7 million. The segment reported an operating profit of $9.4 million in the year-ago quarter.
Carpenter Technology Stock’s Price Performance
CRS shares have gained 57.2% in the past year compared with the industry’s 49.2% growth.
Stocks to Consider
Here are some Basic Material stocks with the right combination of elements to post an earnings beat in their upcoming releases.
Reliance, Inc. (RS - Free Report) , scheduled to release third-quarter 2026 earnings on Oct. 21, has an Earnings ESP of +14.26% and flaunts a Zacks Rank of 1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for earnings for Reliance for the third quarter of 2026 is pegged at $6.76 per share, suggesting an 85.7% year-over-year increase. Reliance has a trailing four-quarter average earnings surprise of 3.15%.
OR Royalties Inc. (OR - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 11, has an Earnings ESP of +0.88% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for OR Royalties’ earnings for the third quarter of 2026 is pegged at 27 cents per share, indicating 22.7% growth from the year-ago quarter’s reported figure. OR Royalties has a trailing four-quarter average earnings surprise of 9.98%.
FreeportMcMoRan (FCX - Free Report) , scheduled to release third-quarter 2026 earnings on Oct. 27, has an Earnings ESP of +1.77% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for earnings for FreeportMcMoRan for the third quarter of 2026 is 75 cents per share, indicating a 50% year-over-year increase. FreeportMcMoRan has a trailing four-quarter average earnings surprise of 32.61%.