Prime Wall Road Forecasters Revamp Industrial Metals Expectations Forward Of Q3 Earnings – Industrial Metals (NYSE:CMC)

Industrial Metals Firm CMC will launch earnings outcomes for the third quarter, earlier than the opening bell on Monday, June 23.

Analysts anticipate the Irving, Texas-based firm to report quarterly earnings at 84 cents per share, down from $1.02 per share within the year-ago interval. Industrial Metals initiatives to report quarterly income of $2.04 billion, in comparison with $2.08 billion a 12 months earlier, in keeping with information from Benzinga Professional.

On March 20, Industrial Metals reported second-quarter 2025 outcomes on Thursday, with internet gross sales down 5.1% year-over-year to $1.754 billion, broadly in step with the analyst expectations of $1.746 billion.

Industrial Metals shares rose 0.2% to shut at $49.04 on Wednesday.

Benzinga readers can entry the most recent analyst scores on the Analyst Inventory Rankings web page. Readers can type by inventory ticker, firm title, analyst agency, ranking change or different variables.

Let’s take a look at how Benzinga’s most-accurate analysts have rated the corporate within the latest interval.

• Wolfe Analysis analyst Timna Tanners upgraded the inventory from Peer Carry out to Outperform on Could 27, 2025. This analyst has an accuracy fee of 67%.
• UBS analyst Curt Woodworth maintained a Impartial ranking and lower the worth goal from $54 to $49 on March 24, 2025. This analyst has an accuracy fee of 66%.
• Morgan Stanley analyst Piyush Sood maintained an Equal-Weight ranking and slashed the worth goal from $56 to $53 on March 7, 2025. This analyst has an accuracy fee of 73%.
• Jefferies analyst Seth Rosenfeld maintained a Purchase ranking and lower the worth goal from $65 to $62 on Jan. 6, 2025. This analyst has an accuracy fee of 67%.

Contemplating shopping for CMC inventory? Right here’s what analysts suppose:

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