Top Wall Street Forecasters Revamp Commercial Metals Expectations Ahead Of Q3 Earnings
1. CMC expects Q3 earnings of 84 cents per share, down from $1.02. 2. Projected revenue for CMC is $2.04 billion, a slight decline year-over-year. 3. Second-quarter results matched analyst expectations, with sales down 5.1%. 4. Analyst ratings show mixed sentiment, with one upgrade and several lowered targets. 5. Shares of CMC recently rose by 0.2%, closing at $49.04.