Here's What Key Metrics Tell Us About Commercial Metals (CMC) Q1 Earnings

Commercial Metals (CMC) reported $1.91 billion in revenue for the quarter ended November 2024, representing a year-over-year decline of 4.7%. EPS of $0.78 for the same period compares to $1.63 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of +0.81%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Commercial Metals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: North America - Average selling price (per ton) - Steel products: $812 versus the two-analyst average estimate of $836.74. Europe - Steel products (External tons shipped): 313 thousand compared to the 306.98 thousand average estimate based on two analysts. Europe - Steel products - Rebar: 107 thousand versus the two-analyst average estimate of 91.47 thousand. Europe - Steel products metal margin per ton: $269 versus the two-analyst average estimate of $283.17. North America - Steel products (tons shipped): 790 thousand compared to the 802.35 thousand average estimate based on two analysts. Europe - Average selling price per ton - Steel products: $639 versus the two-analyst average estimate of $667.06. Europe - Cost of ferrous scrap utilized per ton: $370 versus $383.89 estimated by two analysts on average. Europe - Steel products - Merchant and other: 206 thousand versus 215.51 thousand estimated by two analysts on average. Net sales from external customers- North America: $1.52 billion compared to the $1.49 billion average estimate based on two analysts. The reported number represents a change of -4.7% year over year. View all Key Company Metrics for Commercial Metals here>>>Shares of Commercial Metals have returned -20.3% over the past month versus the Zacks S&P 500 composite'sResearch Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commercial Metals Company (CMC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks