Commercial Metals (NYSE: CMC) has announced that it will be releasing its financial results for the fourth quarter of 2024 on Thursday 17th October 2024. The report will be made available before market open, allowing investors and analysts to evaluate the company's performance during this period.
Wall Street financial experts are forecasting that the concern will announce an expected $0.90 profit per share for the quarter. Moreover, the firm is anticipated to disclose a total revenue of $2 billion for this specific period.
According to analysts on Wall Street, the company's full-year performance is projected to result in a total revenue of $7.93 billion. Additionally, they forecast the earnings per share to hit profit of $4.34 for the fiscal year.
The company's earnings report for the same quarter in the previous year revealed a per-share income of $1.69, attributed to the company's total revenue of $2.21 billion.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q3 2024 | $1.02 | -49.5% | 2.08 B | -11.4% |
| Q2 2024 | $0.88 | -38.9% | 1.85 B | -8.4% |
| Q1 2024 | $1.63 | -27.2% | 2.00 B | -10.1% |
| Q4 2023 | $1.69 | -31.0% | 2.21 B | -8.2% |
| Q3 2023 | $2.02 | -22.6% | 2.35 B | -6.8% |
| *Growth on year-over-year basis | ||||
CMC will host a conference call with investment community on 17th October 2024 at 10:00 AM eastern time to discuss the financial results.
The day's trading saw Commercial Metals (CMC) shares hit a low of $53.43 and a high of $54.15, with a day volume of 1.08 million shares. The stock closed the regular trading session at $53.67, showing 1.11 percent upturn.
