Commercial Metals jumps after Q4 results beat estimates
CMC•Commercial Metals reported fourth-quarter adjusted EPS of $2.09, beating the $1.97 estimate, and revenue of $2.66 billion, above expectations of $2.57 billion. The company targets about $100 million in incremental annualized EBITDA from margin-improvement initiatives in FY27.
1. Quarterly results
Commercial Metals shares rose 4.15% to $68 premarket after the steelmaker reported fourth-quarter adjusted EPS of $2.09, compared with analysts’ average estimate of $1.97. Revenue was $2.66 billion, beating expectations of $2.57 billion.
2. FY27 target
The company targets about $100 million in incremental annualized EBITDA from margin-improvement initiatives in FY27. Nine of 14 brokerages rate the stock buy or higher, while five rate it hold; the median price target is $80. The stock is down more than 5% year to date, including the premarket move.
