Ahead of Carpenter (CRS) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Wall Street analysts expect Carpenter Technology (CRS) to report a quarterly earnings per share (EPS) of $1.74, reflecting a year-over-year increase of 46.2%, with revenues projected at $731.52 million, a 6.8% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.5% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Net Sales- End-Use Market Excluding Surcharge Revenue- Total' to reach $594.40 million, indicating a year-over-year change of +7.3% [5]. - 'Net Sales- End-Use Market Excluding Surcharge Revenue- Surcharge revenue' is projected at $137.76 million, reflecting a +5.1% change from the previous year [5]. - 'Net Sales- Performance Engineered Products' is expected to be $108.01 million, with a year-over-year change of +5.5% [6]. - 'Net Sales- Specialty Alloys Operations' is projected to reach $649.41 million, indicating a +6.7% change from the prior year [6]. Volume and Operating Income Estimates - 'Volumes Sold in Pounds - Specialty Alloys Operations' is expected to be 47.62 million, down from 50.85 million in the same quarter last year [7]. - 'Volumes Sold in Pounds' is forecasted to reach 49.04 million, compared to 50.21 million in the previous year [7]. - 'Operating Income- Performance Engineered Products' is projected at $10.36 million, up from $9.20 million in the same quarter last year [8]. - 'Operating Income- Specialty Alloys Operations' is expected to be $143.25 million, compared to $103.50 million in the prior year [8]. Stock Performance - Over the past month, Carpenter shares have recorded a return of -8.6%, while the Zacks S&P 500 composite has changed by -6.9% [9]. - Carpenter Technology holds a Zacks Rank 1 (Strong Buy), suggesting it is likely to outperform the overall market in the upcoming period [9].