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Commercial Metals Company (NYSE:CMC ) Q3 2023 Earnings Conference Call June 22, 2023 11:00 AM ET Company Participants Barbara Smith - Chairman of the Board and Chief Executive Officer Peter Matt - President Paul Lawrence - Senior Vice President and Chief Financial Officer Conference Call Participants Tristan Gresser - BNP Paribas Exane Timna Tanners - Wolfe Research Lawson Winder - Bank of America Emily Chieng - Goldman Sachs Alex Hacking - Citigroup Operator Hello, and welcome, everyone, to the Third Quarter Fiscal 2023 Earnings Call for Commercial Metals Company. Today's materials, including the press release and supplemental slides that accompany this call, can be found on CMC's Investor Relations website.

Commercial Metals (CMC) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $2.61 per share a year ago.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Commercial Metals (CMC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Commercial Metals (CMC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CMC broke through the 200-day moving average, which suggests a long-term bullish trend.

Fairholme Capital Management recently disclosed its portfolio updates for the first quarter of 2023, which ended on March 31.

Commercial Metals (CMC) gains from solid demand and strategic actions amid market volatility.

IRVING, Texas , May 22, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, June 22, 2023, at 11:00 a.m. Eastern Time (10:00 a.m.

Commercial Metals is a manufacturer and recycler of steel and metal products as well as other related services. Federal support for green energy and the effects from the Inflation Reduction Act will likely serve as a catalyst for revenue growth inside Commercial Metals.

Commercial Metals' (CMC) Q2 earnings reflect the impacts of weather-related shipment distribution and higher costs due to major planned outages.