Commercial Metals Company (CMC), the manufacturer and recycler of steel and metal products, is set to unveil fourth-quarter and full-year fiscal 2023 earnings results on October 12, 2023, before the market opens. Analysts expect the company’s revenue to decline 8.7% year-over-year to $2.20 for the quarter that ended August 2023.
In addition, the consensus EPS estimate of $1.82 for the to-be-reported quarter indicates a 25.7% decrease over the prior year’s quarter. For the fiscal year 2023, CMC’s revenue and EPS are expected to decline 1.6% and 7.4% from the previous year to $8.77 billion and $7.59, respectively.
