Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Carpenter Technology (CRS) - Carpenter Technology currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, CRS shares have increased by 14.88%, outperforming the Zacks Steel - Specialty industry, which rose by 10.19% [5] - In a longer timeframe, CRS shares have risen by 9.89% over the past quarter and 91.72% over the last year, while the S&P 500 has only increased by 3.73% and 16.78%, respectively [6] Trading Volume - CRS has an average 20-day trading volume of 973,766 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for CRS have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.07 to $10.21 [9] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Considering the positive momentum indicators and earnings outlook, CRS is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Company Performance - Carpenter Technology (CRS) shares have increased by 11.1% over the past month, reaching a new 52-week high of $370.59 [1] - Year-to-date, Carpenter has gained 16%, compared to 16.3% for the Zacks Basic Materials sector and 18.3% for the Zacks Steel - Specialty industry [1] Earnings and Revenue Expectations - Carpenter has consistently beaten earnings estimates, reporting EPS of $2.33 against a consensus estimate of $2.2 in its last earnings report [2] - For the current fiscal year, Carpenter is expected to post earnings of $10.2 per share on revenues of $3.07 billion, reflecting a 36.5% increase in EPS and a 6.59% increase in revenues [3] - For the next fiscal year, expected earnings are $12.13 per share on revenues of $3.37 billion, indicating year-over-year changes of 18.81% in EPS and 9.93% in revenues [3] Valuation Metrics - Carpenter's stock trades at 35.8 times current fiscal year EPS estimates, which is above the peer industry average of 19.1 times [7] - On a trailing cash flow basis, Carpenter trades at 35.1 times compared to the peer group's average of 13.8 times [7] - The stock has a PEG ratio of 1.44, which does not place it among the top echelon of stocks from a value perspective [7] Zacks Rank and Style Scores - Carpenter currently holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions from analysts [8] - The company has a Value Score of F, while its Growth and Momentum Scores are A and B, respectively, resulting in a VGM Score of B [6] Industry Comparison - Insteel Industries, Inc. (IIIN), a peer in the industry, also has a Zacks Rank of 2 (Buy) and shows strong earnings performance, beating consensus estimates by 18.18% [10][11] - IIIN is expected to post earnings of $3.04 per share on revenues of $741 million for the current fiscal year, with shares gaining 10.4% over the past month [11] - The Steel - Specialty industry ranks in the bottom 69% of all industries, but there are positive tailwinds for both CRS and IIIN [12]

Core Viewpoint - Carpenter Technology (CRS) reported quarterly earnings of $2.33 per share, exceeding the Zacks Consensus Estimate of $2.20 per share, and showing a significant increase from $1.66 per share a year ago, representing an earnings surprise of +5.79% [1] Financial Performance - The company achieved revenues of $728 million for the quarter ended December 2025, slightly missing the Zacks Consensus Estimate by 0.08%, compared to $676.9 million in the same quarter last year [2] - Over the last four quarters, Carpenter has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Carpenter shares have increased approximately 5.3% since the beginning of the year, outperforming the S&P 500, which gained 1.9% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.52 on revenues of $787.1 million, and for the current fiscal year, it is $10.07 on revenues of $3.07 billion [7] - The estimate revisions trend for Carpenter was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Steel - Specialty industry, to which Carpenter belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Metallus (MTUS), is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year change of +162.5% [9]

Core Viewpoint - New Pacific Metals Corp. (NEWP) has significantly outperformed its peers in the Basic Materials sector, with a year-to-date gain of approximately 218.6% compared to the sector average of 32.9% [4]. Company Performance - New Pacific Metals Corp. is currently ranked 2 (Buy) in the Zacks Rank system, indicating a positive earnings outlook [3]. - The Zacks Consensus Estimate for NEWP's full-year earnings has increased by 20% over the past quarter, reflecting improved analyst sentiment [4]. - NEWP is part of the Mining - Miscellaneous industry, which has seen an average gain of 38.8% this year, further highlighting NEWP's strong performance within its industry [6]. Sector and Industry Context - The Basic Materials sector, which includes 241 individual stocks, is ranked 14 in the Zacks Sector Rank [2]. - Another stock in the Basic Materials sector, NWPX Infrastructure, has also shown strong performance with a year-to-date increase of 34.1% and a Zacks Rank of 2 (Buy) [5]. - The Steel - Specialty industry, where NWPX Infrastructure belongs, has gained 74.9% since the beginning of the year, ranking 64 in the Zacks Industry Rank [7].

Core Insights - Worthington Steel, Inc. reported quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.48 per share, but showing an increase from $0.19 per share a year ago, resulting in an earnings surprise of -20.83% [1] - The company posted revenues of $871.9 million for the quarter ended November 2025, exceeding the Zacks Consensus Estimate by 11.35% and up from $739 million year-over-year [2] - Worthington Steel's shares have increased by approximately 11.4% since the beginning of the year, compared to a 15.6% gain in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $803 million, and for the current fiscal year, it is $2.72 on revenues of $3.39 billion [7] - The estimate revisions trend for Worthington Steel was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Steel - Specialty industry, to which Worthington Steel belongs, is currently ranked in the top 15% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Company Performance - Metallus (MTUS) reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and showing a significant improvement from a loss of $0.09 per share a year ago, resulting in an earnings surprise of +64.71% [1] - The company achieved revenues of $305.9 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 6.14% and increasing from $227.2 million year-over-year [2] - Over the last four quarters, Metallus has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Metallus shares have increased approximately 27.3% since the beginning of the year, outperforming the S&P 500's gain of 15.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $270.5 million, while for the current fiscal year, it is $0.59 on revenues of $1.14 billion [7] Industry Outlook - The Steel - Specialty industry, to which Metallus belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Metallus may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Core Insights - Carpenter Technology (CRS) reported quarterly earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.13 per share, and up from $1.73 per share a year ago [1] - The company achieved an earnings surprise of +14.08% and has surpassed consensus EPS estimates in all four quarters over the past year [2] - Revenues for the quarter ended September 2025 were $733.7 million, slightly above the Zacks Consensus Estimate by 0.63%, and an increase from $717.6 million year-over-year [3] Earnings Performance - The earnings surprise of +14.08% indicates strong performance relative to expectations [2] - The company has consistently outperformed EPS estimates, with a previous quarter's earnings of $2.21 against an expectation of $2.03, resulting in a surprise of +8.87% [2] Revenue Analysis - Carpenter's revenue growth reflects a year-over-year increase, with the latest quarter's revenue surpassing the previous year's figures [3] - The company has only topped consensus revenue estimates once in the last four quarters, indicating variability in revenue performance [3] Stock Performance - Carpenter shares have increased by approximately 44.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.9% [4] - The future price movement of the stock will depend on management's commentary during the earnings call and the sustainability of earnings expectations [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.15, with expected revenues of $734.66 million, and for the current fiscal year, the EPS estimate is $9.52 on revenues of $3.11 billion [8] - The estimate revisions trend for Carpenter was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [7] Industry Context - The Steel - Specialty industry, to which Carpenter belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, which may impact stock performance [9] - The performance of Carpenter's stock may also be influenced by the overall outlook for the industry [9]

Core Viewpoint - Investors should closely monitor Carpenter Technology Corporation (CRS) stock due to significant movements in the options market, particularly the high implied volatility of the Nov 21, 2025 $190 Put option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectations for future stock movement, with high levels suggesting potential significant price changes or upcoming events that could lead to a rally or sell-off [2] - The current high implied volatility for Carpenter Technology options may signal a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4] Group 2: Analyst Sentiment - Carpenter Technology holds a Zacks Rank 2 (Buy) in the Steel - Specialty industry, which is positioned in the bottom 24% of the Zacks Industry Rank [3] - Over the past 30 days, one analyst has raised the earnings estimate for the current quarter, resulting in an increase of the Zacks Consensus Estimate from $2.13 to $2.14 per share [3]

Core Insights - Worthington Steel, Inc. reported quarterly earnings of $0.77 per share, exceeding the Zacks Consensus Estimate of $0.72 per share, and showing an increase from $0.56 per share a year ago, resulting in an earnings surprise of +6.94% [1] - The company achieved revenues of $872.9 million for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 18.60% and up from $834 million year-over-year [2] - Worthington Steel's stock has increased by approximately 3.9% since the beginning of the year, while the S&P 500 has gained 13.2% [3] Earnings Outlook - The future performance of Worthington Steel's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $727 million, and for the current fiscal year, it is $2.77 on revenues of $3.1 billion [7] Industry Context - The Steel - Specialty industry, to which Worthington Steel belongs, is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Group 1 - Carpenter Technology (CRS) reported quarterly earnings of $2.21 per share, exceeding the Zacks Consensus Estimate of $2.03 per share, and up from $1.82 per share a year ago, representing an earnings surprise of +8.87% [1] - The company posted revenues of $755.6 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.9%, and down from $798.7 million year-over-year [2] - Carpenter shares have increased approximately 67.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.2% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $2.06 on revenues of $770.06 million, and for the current fiscal year, it is $9.11 on revenues of $3.15 billion [7] - The Zacks Industry Rank for Steel - Specialty is currently in the top 39% of over 250 Zacks industries, indicating that the industry outlook can materially impact stock performance [8]