CMC(US:CMC) ZACKS·2024-06-13 15:18Core Viewpoint - Commercial Metals is expected to report a year-over-year decline in earnings due to lower revenues, with the upcoming earnings report anticipated to be released on June 20 [6][19]. Earnings Expectations - Revenues for the quarter are projected to be $2.01 billion, reflecting a 14.5% decrease from the same quarter last year [7]. - The consensus EPS estimate for the quarter remains unchanged over the last 30 days, indicating stability in analyst expectations [8]. - The company is expected to post quarterly earnings of $1 per share, which represents a year-over-year change of -50.5% [19]. Earnings Surprise History - Over the last four quarters, Commercial Metals has beaten consensus EPS estimates three times, suggesting a potential for positive surprises [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, indicating no recent analyst revisions that differ from the consensus [14]. Analyst Insights - The stock currently holds a Zacks Rank of 3, which suggests a neutral outlook [2]. - Analysts emphasize that while past performance can provide insights, it does not guarantee future results, making it challenging to predict whether the company will beat the consensus EPS estimate [9][23]. Market Reactions - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment and stock performance [16]. - The management's discussion during the earnings call will be crucial in determining the sustainability of any immediate price changes and future earnings expectations [18].