Recap: Commercial Metals Q1 Earnings

Commercial Metals (NYSE:CMC) reported its Q1 earnings results on Monday, January 10, 2022 at 06:45 AM.

Here’s what investors need to know about the announcement.

Commercial Metals beat estimated earnings by 32.79%, reporting an EPS of $1.62 versus an estimate of $1.22, which surprised analysts.

Revenue was up $590.00 million from the same period last year.

Last quarter the company beat on EPS by $0.01, which was followed by a 2.36% increase in the share price the next day.

Here’s a look at Commercial Metals’s past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.25	0.83	0.59	0.54
EPS Actual	1.26	1.04	0.66	0.58
Revenue Estimate	1.96B	1.72B	1.46B	1.34B
Revenue Actual	2.03B	1.84B	1.46B	1.39B

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.