CMC News and Press, Commercial Metals Company From 06/16/22

Commercial Metals (NYSE:CMC) +0.8% in early Thursday trading after reporting Q3 adjusted earnings and revenues that easily beat analyst estimates, reflecting strong demand for finished steel products, with record bid activity and backlog levels in its North American downstream pipeline. Q3 ne...

Commercial Metals press release (NYSE:CMC): Q3 Non-GAAP EPS of $2.61 beats by $0.76. Revenue of $2.52B (+36.2% Y/Y) beats by $200M. Shares +0.5% PM. Core EBITDA of $483.9M increased 110% Y/Y. CEO comment: "We anticipate strong financial performance to continue in the fourth quarter.  Rob...

Commercial Metals Company Reports Third Quarter Fiscal 2022 Results PR Newswire Net earnings of $312.4 million , or $2.54 per diluted share, increased by 140% compared with $130.4 million , or $1.07 per diluted share, in the prior year period ...

Bruce Berkowitz’s 13F stock portfolio value increased this quarter from $1.53B to $1.72B. They increased Commercial Metals, Enterprise Products Partners, and Intel during the quarter. The 13F portfolio is mostly invested in St. Joe Company. For further details see: ...

Commercial Metals (NYSE:CMC) is scheduled to announce Q3 earnings results on Wednesday, June 15th, before market open. The consensus EPS Estimate is $1.85 (+77.9% Y/Y) and the consensus Revenue Estimate is $2.32B (+26.1% Y/Y). Over the last 2 years, CMC has beaten EPS estimates 75% of the tim...

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North American steelmakers (SLX) are sharply higher in Thursday's trading, capping strong gains following India's decision to impose export tariffs on its steel industry earlier this week: (NYSE:RS) +6.2%, (TMST) +5.4%, (NYSE:X) +5%, (STLD) +4.9%, (CMC) +4.7%, (CRS) +4.7%, (NYSE:CLF) +3.8%, (...

Schnitzer Steel (NASDAQ:SCHN) ticks lower as KeyBanc downgrades shares to Sector Weight from Overweight, saying global ferrous scrap and aluminum trends have grown surprisingly bearish. "Ferrous scrap and aluminum pricing strength fizzled/reset a lot sooner than we anticipated, while U.S. scr...

Commercial Metals Company Announces Third Quarter Fiscal 2022 Conference Call Webcast Details PR Newswire IRVING, Texas , May 17, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release for fiscal...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...