Uncovering Potential: Commercial Metals's Earnings Preview
Portfolio Pulse from Benzinga Insights
Commercial Metals (NYSE:CMC) is set to announce its quarterly earnings on October 17, 2024. Analysts expect an EPS of $0.89. The company's past performance showed a share price increase despite missing EPS estimates. Currently, CMC has a 'Buy' rating with a potential 22.46% upside. The company faces challenges with declining revenue growth but shows strong ROE and ROA.
October 16, 2024 | 3:01 pm
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Commercial Metals is expected to announce its earnings with an EPS estimate of $0.89. The company has a 'Buy' rating and a potential 22.46% upside. Despite challenges in revenue growth, CMC shows strong ROE and ROA.
The upcoming earnings announcement is a significant event for CMC, with analysts expecting an EPS of $0.89. The 'Buy' rating and potential upside indicate positive market sentiment. Despite revenue challenges, strong ROE and ROA suggest effective management, likely leading to a positive short-term impact on stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100