What's In Store For Commercial Metals' (CMC) Q2 Earnings?
Zacks Investment Research | Mar 15, 2020 10:51PM ET
Commercial Metals Company (NYSE:CMC) is scheduled to report second-quarter fiscal 2020 results on Mar 19, before the opening bell.
Which Way are the Estimates Headed?
The Zacks Consensus Estimate for fiscal second-quarter revenues stands at $1.41 billion, suggests growth of 0.16% from the prior-year reported figure. The Zacks Consensus Estimate for earnings per share is pegged at 50 cents for the quarter, indicating an improvement of 72.4% from the year-ago quarter.
Fiscal Q1 Performance
In the last reported quarter, the company’s bottom line beat the Zacks Consensus Estimate, while the top line missed the same. However, both earnings and revenues improved year over year. The company surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 15.3%.
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