Constellium (CSTM) Lags Q3 Earnings and Revenue Estimates

Financial Performance - Constellium reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.40 per share, and down from $0.47 per share a year ago, representing an earnings surprise of -95% [1] - The company posted revenues of $1.8 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.82%, and down from $1.87 billion year-over-year [1] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.43 on revenues of $2.02 billion, and for the current fiscal year, it is $1.47 on revenues of $7.87 billion [4] - The estimate revisions trend for Constellium is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [4] Industry Context - The Metal Products - Distribution industry, to which Constellium belongs, is currently in the bottom 11% of over 250 Zacks industries, suggesting a challenging environment for stock performance [5] - Empirical research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5]