Commercial Metals Q4 Adj EPS $1.69 Misses $1.81 Estimate, Sales $2.21B Beat $2.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals (NYSE:CMC) reported Q4 adjusted earnings of $1.69 per share, missing the analyst consensus estimate of $1.81 by 6.63%. This is a 31.02% decrease from the same period last year. However, the company's quarterly sales of $2.21 billion beat the analyst consensus estimate of $2.18 billion by 1.33%, despite being an 8.23% decrease from the same period last year.
October 12, 2023 | 10:47 am
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Commercial Metals' Q4 earnings missed estimates and decreased from last year, but sales beat estimates and also decreased from last year.
The company's earnings missed estimates and decreased from last year, which is a negative signal for investors. However, the sales beat estimates, which could offset some of the negative impact. The overall decrease in both earnings and sales from last year could lead to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100