Zacks Research Has Bullish Estimate for CMC FY2026 Earnings

Commercial Metals Company (NYSE:CMC) – Equities research analysts at Zacks Research lifted their FY2026 earnings per share estimates for shares of Commercial Metals in a report released on Monday, October 12th. Zacks Research analyst Team now anticipates that the basic materials company will earn $6.66 per share for the year, up from their prior forecast of $6.64. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.60 per share. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.93 EPS, Q1 2027 earnings at $1.82 EPS, Q3 2027 earnings at $1.85 EPS, Q4 2027 earnings at $2.08 EPS, FY2027 earnings at $7.21 EPS, Q1 2028 earnings at $1.84 EPS, Q3 2028 earnings at $1.88 EPS, Q4 2028 earnings at $2.12 EPS and FY2028 earnings at $7.39 EPS.

Several other research firms have also commented on CMC. Morgan Stanley upped their price target on shares of Commercial Metals from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Weiss Ratings downgraded shares of Commercial Metals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of Commercial Metals from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday. Barclays boosted their target price on shares of Commercial Metals from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, BNP Paribas Exane raised Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Wednesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.27.

Commercial Metals Stock Performance

CMC stock opened at $64.16 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.33 and a beta of 1.53. Commercial Metals has a 1 year low of $53.08 and a 1 year high of $84.87. The stock’s fifty day moving average is $67.54 and its two-hundred day moving average is $68.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Commercial Metals in the second quarter worth approximately $954,989,000. Bank of America Corp DE lifted its holdings in shares of Commercial Metals by 87.4% in the first quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock valued at $100,205,000 after purchasing an additional 760,985 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Commercial Metals by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 977,024 shares of the basic materials company’s stock valued at $60,019,000 after purchasing an additional 8,911 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Commercial Metals by 180.2% in the second quarter. Van ECK Associates Corp now owns 786,142 shares of the basic materials company’s stock worth $49,330,000 after buying an additional 505,599 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of Commercial Metals in the fourth quarter worth $41,523,000. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John McPherson purchased 1,390 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $71.92 per share, for a total transaction of $99,968.80. Following the transaction, the director owned 21,927 shares of the company’s stock, valued at $1,576,989.84. This represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.62% of the company’s stock.

Commercial Metals declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 5th that allows the company to buy back $600.00 million in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 7.5% of its shares through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Key Headlines Impacting Commercial Metals

Here are the key news stories impacting Commercial Metals this week:

• Positive Sentiment: Zacks raised its EPS forecasts across several periods, including Q4 2026 to $1.93 from $1.91, fiscal 2026 to $6.66 from $6.64, fiscal 2027 to $7.21 from $7.18, and fiscal 2028 to $7.39 from $7.36. Estimates for multiple 2027 and 2028 quarters were also increased by $0.01 per share. The revisions suggest slightly improved expectations for CMC’s future profitability. Countdown to Commercial Metals Q4 Earnings
• Neutral Sentiment: The estimate increases are incremental rather than a major change in the earnings outlook, and Zacks’ unchanged Hold rating signals limited conviction. CMC also opened below its 50-day and 200-day moving averages, suggesting that broader technical pressure may offset the benefit from the modestly improved forecasts.

Commercial Metals Company Profile

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturer, fabricator and recycler headquartered in Irving, Texas. Founded in 1915, the company operates a vertically integrated business that collects and processes ferrous scrap, produces steel and supplies products used in construction and infrastructure projects.

CMC’s product portfolio includes reinforcing bar, merchant bar, wire rod, structural components and other steel products. Through its fabrication and construction services, the company also processes and prepares reinforcing steel for commercial, industrial, transportation and other building projects.