Core Molding Technologies (CMT) Surpasses Q3 Earnings and Revenue Estimates

Group 1 - Core Molding Technologies (CMT) reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, but down from $0.53 per share a year ago, representing an earnings surprise of 56.52% [1] - The company posted revenues of $72.99 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.99%, but down from $86.73 million year-over-year [2] - CMT has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has underperformed the market, losing about 15.1% since the beginning of the year compared to the S&P 500's gain of 19.8% [3] - The current consensus EPS estimate for the coming quarter is $0.15 on revenues of $66 million, and for the current fiscal year, it is $1.53 on revenues of $304.45 million [7] - The Zacks Industry Rank for Rubber - Plastics is in the top 39% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]