Earnings Preview: Commercial Metals (CMC) Q3 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Commercial Metals (CMC) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Commercial Metals is expected to report quarterly earnings of $0.75 per share, reflecting a year-over-year decrease of 26.5% [3]. - Revenues are projected to be $2.01 billion, down 3.3% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 5.13% over the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +14.67% suggests recent bullish sentiment among analysts, despite the stock holding a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Earnings Surprise History - In the last reported quarter, Commercial Metals was expected to earn $0.31 per share but only achieved $0.26, resulting in a surprise of -16.13% [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Conclusion - While the company does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].