• Commercial Metals Co CMC.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of ten analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 16 cents to 39 cents per share.

• Revenue fell 5.1% to $1.75 billion from a year ago; analysts expected $1.75 billion.

• Commercial Metals Co's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $25.47 million.

• Commercial Metals Co shares had fallen by 5.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 55% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the iron & steel peer group is "hold."

Wall Street's median 12-month price target for Commercial Metals Co is $58.00

This summary was machine generated from LSEG data March 20 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)