Commercial Metals Company (NYSE: CMC), headquartered in Irving, Texas, is scheduled to reveal its financial performance for the first quarter prior to market open on Thursday, January 8, 2025. Expectations from the analyst community indicate that the company will show a considerable increase in earnings per share, forecasted at $1.54, which represents a substantial rise from $0.78 reported in the equivalent period last year.
Revenue projections also signal growth, with the consensus estimate standing at approximately $2.05 billion, surpassing last year's $1.91 billion for the same quarter. This forecast suggests an incremental trend in top-line figures, reflecting a potential strengthening in Commercial Metals' operational performance over the past year.
In a further demonstration of confidence and commitment to shareholder returns, Commercial Metals recently declared a quarterly dividend of $0.18 per share on January 5, 2025. This dividend announcement may serve as an indicator of stable cash flow and financial health as viewed by the company's management.
Investor sentiment leading into the earnings announcement appears positive, as evidenced by a 1.3% rise in Commercial Metals' share price, closing at $72.69 on the preceding Monday. Market participants may be anticipating the forthcoming earnings results alongside the encouraging revisions made by several influential analysts.
The revisions come from a cohort of analysts maintained in Benzinga's ranking of the most accurate market forecasters. Their recent assessments provide insights into underlying confidence in Commercial Metals' prospects and include both upgrades in stock ratings and raised price targets.
Among these, Wells Fargo analyst Timna Tanners sustained an Overweight recommendation while increasing the price target from $68 to $79 as of December 15, 2025. Tanners holds a 71% accuracy rate, indicating a strong track record in analysis. Similarly, Jefferies analyst Christopher LeFemina upgraded the rating from Hold to Buy, adjusting the price target upward from $70 to $78 on December 10, 2025. LeFemina also boasts a 71% accuracy metric.
JP Morgan's Bill Peterson moved his rating from Neutral to Overweight and raised the price target from $64 to $78 during the first week of December. Although Peterson's accuracy stands at 57%, the upgrade signals increased confidence. Morgan Stanley’s Piyush Sood elevated the stock from Equal-Weight to Overweight and revised the price target from $57.50 to $68 on October 24, 2025, supported by a 73% accuracy rate. Finally, Goldman Sachs’ Mike Harris maintained a Buy rating and bolstered the price target from $69 to $76 as of October 23, 2025, with a 73% accuracy background.
These collective actions reflect a bullish consensus among some of the industry's most reliable analysts, suggesting that Commercial Metals might deliver on or exceed market expectations with its upcoming earnings report.
While investors monitor this situation closely, those interested can consult Benzinga’s Analyst Stock Ratings page, which provides the most updated rating information, sortable by ticker, analyst firm, rating changes, and other relevant parameters, allowing for informed decision-making ahead of earnings releases.
Key Points
- Commercial Metals is projected to report first-quarter earnings per share of $1.54, effectively doubling last year's figure of 78 cents.
- Consensus revenue estimates anticipate growth from $1.91 billion to $2.05 billion compared to the prior-year quarter.
- Recent dividend declaration of 18 cents per share signals management's confidence in the company's cash generation capabilities.
- Multiple top analysts have revised their ratings upward, including upgrades from Hold to Buy and increases in price targets ranging from $68 to $79.
Risks and Uncertainties
- Despite a majority of positive analyst revisions, some accuracy rates vary, with one analyst holding a 57% accuracy record, indicating potential forecast uncertainty.
- The market’s reaction to the actual earnings release may deviate from current expectations, impacting share price performance.
- Broader market conditions and macroeconomic factors could influence Commercial Metals' operational results and investor sentiment, though these are not explicitly addressed in the forecasts.