Core Molding Technologies (CMT) Surpasses Q2 Earnings and Revenue Estimates

Group 1 - Core Molding Technologies (CMT) reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, but down from $0.91 per share a year ago, representing an earnings surprise of 73.81% [1] - The company posted revenues of $88.74 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 12.69%, compared to year-ago revenues of $97.73 million [2] - CMT has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates two times in the same period [2] Group 2 - The stock has underperformed the market, losing about 8.3% since the beginning of the year, while the S&P 500 has gained 8.7% [3] - The current consensus EPS estimate for the coming quarter is $0.50 on revenues of $78.23 million, and for the current fiscal year, it is $1.60 on revenues of $312.23 million [7] - The Rubber - Plastics industry, to which CMT belongs, is currently in the top 44% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]