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Benzinga
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Commercial Metals Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

1. CMC earnings estimated at 84 cents per share for Q3. 2. Projected revenue for CMC is $2.04 billion, down from last year. 3. Second-quarter sales fell 5.1% year-over-year, aligning with expectations. 4. Analyst ratings show mixed sentiment towards CMC's future performance. 5. CMC shares gained 1.1% prior to earnings announcement.

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FAQ

Why Bearish?

Earnings and revenue projections indicate declining performance compared to last year. Historical trends show significant declines often lead to lower stock prices following earnings releases.

How important is it?

Near-term earnings projections are likely to affect investor sentiment and decisions. Analysts adjusting price targets and ratings reflects market cautiousness.

Why Short Term?

Immediate impact expected around the earnings release date. Short-term earnings misses typically cause a more immediate negative reaction in stock prices.

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