Stock of the Day

April 1, 2020

Commercial Metals (CMC)

$66.44
+$0.04 (+0.1%)
Market Cap: $7.35B

About Commercial Metals

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

Today's Trend

Commercial Metals Company (NYSE:CMC) is getting some support from the latest analyst updates, which could be helping the stock recover. Zacks Research raised earnings estimates across multiple periods, including FY2026, FY2027, and FY2028, signaling expectations for stronger profitability ahead. The revisions were mostly upward and came in above the current consensus for full-year earnings, which is generally constructive for investors.

  • Zacks Research increased its FY2026 EPS estimate for Commercial Metals to $6.62 from $6.39, slightly above the $6.59 consensus, suggesting better near-term earnings power.
  • The firm also lifted FY2027 earnings expectations to $7.06 per share from $6.57, indicating improving longer-term profitability prospects.
  • Out-year estimates were raised as well, including FY2028 EPS to $7.22 from $6.58, which can support a more favorable valuation outlook for CMC.
  • Despite the higher estimates, Zacks Research kept a Strong Sell rating on the stock, so the analyst stance remains cautious overall.

Overall, Commercial Metals Company (NYSE:CMC) appears to be moving on improving earnings expectations, even though the prevailing analyst rating is still negative.

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