Commercial Metals Delivers Mixed Q1 Results As Economic Uncertainty Weighs On Steel Demand: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2025
0mins
Source: Benzinga
Financial Performance: Commercial Metals Company reported first-quarter net sales of $1.91 billion, exceeding expectations, but core EBITDA fell to $210.7 million from $313.7 million year-over-year, with adjusted EPS missing consensus estimates.
Market Outlook: The company anticipates a decline in consolidated financial results for the second quarter of FY25 due to lower margins and economic uncertainty, while maintaining confidence in future construction activity driven by infrastructure demand.
Analyst Views on VTWV
Wall Street analysts forecast VTWV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VTWV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 174.303
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
