Carpenter Technology (CRS) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Carpenter Technology (CRS) due to higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - Carpenter Technology is expected to report quarterly earnings of $1.57 per share, reflecting a year-over-year increase of +78.4% [2] - Revenues are projected to be $708.22 million, which is an 8.6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 2.92% lower in the last 30 days, indicating a reassessment by analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model shows that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% for Carpenter [4][6] - The stock holds a Zacks Rank of 1, indicating a strong buy, but this combination makes it challenging to predict an earnings beat [6] Historical Performance - In the last reported quarter, Carpenter exceeded the expected earnings of $1.52 per share by delivering $1.82, resulting in a surprise of +19.74% [7] - Over the past four quarters, Carpenter has beaten consensus EPS estimates three times [7] Conclusion - While Carpenter does not appear to be a compelling earnings-beat candidate, investors should consider other factors before making investment decisions [8]