Carpenter Technology (CRS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Carpenter Technology (CRS) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on April 24, with a consensus EPS estimate of $1.74, reflecting a year-over-year increase of +46.2%. Revenues are projected to reach $732.42 million, marking a 6.9% increase from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.37%, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Carpenter is lower than the consensus estimate, resulting in an Earnings ESP of -0.13%. This suggests a challenging outlook for the company to beat the consensus EPS estimate [10][11]. Historical Performance - In the last reported quarter, Carpenter exceeded the expected EPS of $1.56 by delivering $1.66, achieving a surprise of +6.41%. The company has beaten consensus EPS estimates in all of the last four quarters [12][13]. Conclusion - While Carpenter does not appear to be a strong candidate for an earnings beat based on current estimates, investors should consider other factors that may influence stock performance ahead of the earnings release [16].