Commercial Metals Co (NYSE: CMC) has reported earnings for its first fiscal quarter (ending November 30) of $1.51 versus $2.23 for the same period a year ago — a decline of -32%. However, this result exceeded the consensus estimate of $1.45 by $0.06. For the latest four quarters through November 30, E.P.S. were $6.62 versus $10.40 for the same period a year ago — a decline of -36%.
Recent Price Action
On 1/8/24, Commercial Metals Co (NYSE: CMC) stock enjoyed a very large increase of 7.5%, closing at $51.83. Moreover, trading volume in this advance was exceptionally high at 211% of normal. The stock has performed in line with the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CMC is expected to continue to be a Value Builder.
Commercial Metals has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Commercial Metals has a neutral Power Rating of 54 but a good Appreciation Score of 85, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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