Commercial Metals Company will report first-quarter results before the opening bell on Thursday, January 8, 2025. Consensus estimates compiled by four of the most accurate analysts project adjusted earnings per share of $0.45, a 18% increase from the prior year period’s $0.38. Revenue is expected to climb to approximately $1.9 billion, driven by steady demand in construction rebar and steel service center sales. Investors will watch gross margin trends closely, as input costs for scrap metal have declined by nearly 7% over the past quarter.

In the week leading up to the call, three major research firms raised their 2025 profit forecasts for CMC, increasing full-year EPS estimates by an average of $0.12. One firm highlighted sustained contract wins in the Texas market and the recent commissioning of a new recycling facility in Arizona, which is forecast to add $50 million in annual revenue. Another analyst noted an upgrade to a “Buy” rating based on expanding service center utilization rates, which reached 92% in December, up from 86% in September.

CMC stands to benefit from a broader recovery in domestic steel prices, which have climbed roughly 5% since November, bolstered by firm orders from the automotive and nonresidential construction sectors. Management has guided for flat to mid-single digit volume gains in its mills segment, and early January shipping notifications indicate a 4% sequential uptick in coil and bar shipments. Backlog at service centers remains near a two-year high, signaling sustained order flow through the spring building season.

Technical measures position CMC as a leading momentum name within the steel producers universe. Its relative strength index exceeded 70 in December, and average daily trading volume rose 22% over the past month. Institutional ownership has ticked up to 56% of shares outstanding, according to the latest 13F filings, reflecting growing conviction among funds targeting cyclical recovery plays. This builds the case for momentum investors seeking exposure ahead of potential post-earnings share gains.