Commercial Metals Co (NYSE: CMC) has reported earnings for its fourth fiscal quarter (ending August 31) of $0.91 versus $1.58 for the same period a year ago — a decline of -42%. Relative to the consensus estimate of $0.86, this was a premium of $0.05. For the latest four quarters through August 31, E.P.S. were $4.19 compared to $7.34 a year ago — a decline of -43%.
Recent Price Action
Commercial Metals Co (NYSE: CMC) stock enjoyed a very large increase of 5.1% on 10/17/24. The shares closed at $56.41. Moreover, this advance was accompanied by exceptionally high trading volume at 259% of normal. The stock has performed in line with the market over the last nine months and has risen 7.3% during the last week.
Current PriceTarget Research Rating
CMC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Commercial Metals has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Commercial Metals has a good Appreciation Score of 83 but a slightly negative Power Rating of 37, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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