Commercial Metals Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Commercial Metals Company (NYSE:CMC) is expected to report Q1 fiscal 2024 earnings of $1.45 per share, down from $2.24 the previous year, with revenue estimated at $1.89 billion. The company has declared a quarterly dividend of $0.16 per share. CMC's stock price slightly declined by 0.1% to $48.22 recently. Analysts from Citigroup, Keybanc, and Goldman Sachs have provided ratings and price target changes, with Citigroup and Keybanc being less optimistic and Goldman Sachs increasing its price target.
January 08, 2024 | 8:28 am
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NEUTRAL IMPACT
Commercial Metals Company is anticipated to report lower earnings per share compared to last year and has announced a regular dividend. Analysts have mixed views, with Citigroup and Keybanc being less optimistic, and Goldman Sachs raising its price target.
The expected decrease in earnings per share could be a negative signal to investors, but the steady dividend and mixed analyst ratings suggest a neutral short-term impact. The recent slight stock price decline indicates market uncertainty.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100