Constellium(US:CSTM) ZACKS·2024-07-23 12:16Company Overview - Constellium is expected to report quarterly earnings of $2.12 per share, reflecting a year-over-year increase of +39.5% [3] - The company reported quarterly earnings of $0.52 per share, surpassing the Zacks Consensus Estimate of $0.43 per share, compared to earnings of $0.35 per share a year ago [9] - Constellium's revenues for the quarter ended June 2024 were $1.93 billion, which was 7.86% below the Zacks Consensus Estimate and down from $2.12 billion year-over-year [13] Earnings Performance - The recent quarterly report showed an earnings surprise of 20.93% [4] - Over the last four quarters, Constellium has exceeded consensus EPS estimates two times [7] - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $2.22 billion, and for the current fiscal year, it is $1.71 on revenues of $8.37 billion [6] Market Position and Outlook - Constellium shares have declined approximately 7.3% since the beginning of the year, while the S&P 500 has gained 16.7% [10] - The Zacks Industry Rank for Metal Products - Distribution, to which Constellium belongs, is in the top 14% of over 250 Zacks industries, indicating a favorable industry outlook [8] - The estimate revisions trend for Constellium is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [11]