Commercial Metals (NYSE:CMC) reported its Q3 earnings results on Thursday, June 22, 2023 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Commercial Metals beat estimated earnings by 14.77%, reporting an EPS of $2.02 versus an estimate of $1.76.
Revenue was down $171.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 1.37% increase in the share price the next day.
Here’s a look at Commercial Metals’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.44 | 1.96 | 2.23 | 1.98 |
| EPS Actual | 1.44 | 2.24 | 2.45 | 2.61 |
| Revenue Estimate | 1.97B | 2.20B | 2.38B | 2.41B |
| Revenue Actual | 2.02B | 2.23B | 2.41B | 2.52B |
To track all earnings releases for Commercial Metals visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
