Commercial Metals Company (NYSE: CMC) Surpasses Earnings Estimates

Core Insights - Commercial Metals Company (CMC) is a significant player in the steel and metal products industry, focusing on manufacturing and recycling [1] - CMC reported earnings per share (EPS) of $1.37 for the fourth quarter, exceeding the estimated $1.32 and showing a substantial increase from $0.90 in the same quarter last year [2][6] - The company generated revenue of approximately $2.11 billion, slightly below the estimated $2.12 billion, but still representing growth from the previous year's $2 billion [3][6] Financial Performance - The earnings surprise for the quarter was +3.79%, indicating better-than-expected performance [2] - CMC has exceeded revenue estimates three times in the last four quarters, while it has only surpassed consensus EPS estimates once in the same period [3] - The company's price-to-earnings (P/E) ratio is approximately 166.73, indicating a high valuation relative to its earnings [4][6] Financial Health - CMC's price-to-sales ratio stands at about 0.79, suggesting a relatively low valuation compared to its revenue [4] - The debt-to-equity ratio is approximately 0.33, indicating a moderate level of debt relative to equity [5][6] - The current ratio is about 2.86, suggesting strong liquidity and the ability to cover short-term liabilities [5]