Here's What Key Metrics Tell Us About Commercial Metals (CMC) Q1 Earnings

Group 1 - Commercial Metals (CMC) reported $1.91 billion in revenue for the quarter ended November 2024, reflecting a year-over-year decline of 4.7% [1] - The earnings per share (EPS) for the same period was $0.78, down from $1.63 a year ago, with no EPS surprise as the consensus estimate was also $0.78 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.89 billion, resulting in a surprise of +0.81% [1] Group 2 - Over the past month, shares of Commercial Metals have returned -20.3%, contrasting with the Zacks S&P 500 composite performance [3] - Key metrics for North America include an average selling price per ton of steel products at $812, below the two-analyst average estimate of $836.74 [3] - In Europe, external tons shipped for steel products were 313 thousand, slightly above the average estimate of 306.98 thousand [3] - The metal margin per ton for steel products in Europe was reported at $269, compared to the average estimate of $283.17 [3] - North America shipped 790 thousand tons of steel products, below the average estimate of 802.35 thousand [3] - The average selling price per ton for steel products in Europe was $639, lower than the average estimate of $667.06 [3] - The cost of ferrous scrap utilized per ton in Europe was $370, which is better than the estimated $383.89 [3] - Net sales from external customers in North America were $1.52 billion, slightly above the average estimate of $1.49 billion, but still representing a year-over-year change of -4.7% [3]