Commercial Metals Q4 2024 Adj. EPS $0.90 Beats $0.89 Estimate, Sales $1.996B Miss $2.001B Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals (NYSE:CMC) reported Q4 2024 earnings per share of $0.90, slightly beating the estimate of $0.89, but sales of $1.996 billion missed the $2.001 billion estimate. Both earnings and sales decreased compared to the same period last year.
October 17, 2024 | 10:37 am
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Commercial Metals reported Q4 2024 EPS of $0.90, slightly above estimates, but sales missed expectations. Both metrics declined year-over-year.
The slight EPS beat is overshadowed by the sales miss and significant year-over-year declines in both earnings and sales. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100