Carpenter Technology (CRS) Q3 Earnings Beat Estimates

Financial Performance - Carpenter Technology reported quarterly earnings of $1.88 per share, exceeding the Zacks Consensus Estimate of $1.74 per share, and up from $1.19 per share a year ago, representing an earnings surprise of 8.05% [1] - The company posted revenues of $727 million for the quarter ended March 2025, slightly missing the Zacks Consensus Estimate by 0.62%, compared to $684.9 million in the same quarter last year [2] Stock Performance - Carpenter shares have increased approximately 12.4% since the beginning of the year, contrasting with the S&P 500's decline of 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.94 on revenues of $787.28 million, and for the current fiscal year, it is $6.95 on revenues of $2.91 billion [7] - The estimate revisions trend for Carpenter is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Steel - Specialty industry, to which Carpenter belongs, is currently ranked in the bottom 5% of over 250 Zacks industries, suggesting potential challenges ahead [8]