What is Zacks Research's Estimate for CMC FY2026 Earnings?

Key Points

• Zacks Research raised its FY2026 EPS estimate for Commercial Metals to $6.66, up from $6.64 and above the $6.60 consensus forecast. It maintained a “Hold” rating and also modestly increased its FY2027 and FY2028 earnings projections.
• Analyst sentiment remains broadly positive, with nine Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $80.27.
• Commercial Metals authorized a $600 million share-repurchase program, allowing buybacks of up to 7.5% of outstanding shares, while institutional investors own 86.9% of the stock.

Commercial Metals Company (NYSE:CMC - Free Report) - Zacks Research boosted 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 previous estimate of $6.64. Zacks Research currently 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 analysts have also recently issued reports on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $85.00 price target on shares of Commercial Metals in a report on Thursday, August 6th. JPMorgan Chase & Co. decreased their price objective on shares of Commercial Metals from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Friday. Citigroup cut their target price on shares of Commercial Metals from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. BMO Capital Markets upped their target price on shares of Commercial Metals from $77.00 to $80.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings cut shares of Commercial Metals from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 2nd. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $80.27.

Commercial Metals Stock Up 0.4%

CMC stock opened at $64.16 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $67.54 and a 200-day simple moving average of $68.21. The company has a market capitalization of $7.10 billion, a P/E ratio of 12.08, a PEG ratio of 0.33 and a beta of 1.53. Commercial Metals has a twelve month low of $53.08 and a twelve month high of $84.87.

Commercial Metals declared that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that allows the company to buy back $600.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 7.5% of its shares through open market purchases. Share repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, Director John McPherson acquired 1,390 shares of Commercial Metals stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $71.92 per share, for a total transaction of $99,968.80. Following the completion of the purchase, the director directly owned 21,927 shares of the company's stock, valued at $1,576,989.84. This trade represents a 6.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.62% of the company's stock.

Institutional Trading of Commercial Metals

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Commercial Metals in the 2nd quarter worth about $954,989,000. Bank of America Corp DE grew its position in shares of Commercial Metals by 87.4% during the 1st 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 buying an additional 760,985 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Commercial Metals by 0.9% during the 1st 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 buying an additional 8,911 shares during the last quarter. Van ECK Associates Corp raised its stake in Commercial Metals by 180.2% during the second quarter. Van ECK Associates Corp now owns 786,142 shares of the basic materials company's stock worth $49,330,000 after acquiring an additional 505,599 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new stake in Commercial Metals during the fourth quarter worth about $41,523,000. Institutional investors own 86.90% of the company's stock.

Key Stories 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.

About Commercial Metals

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.

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