Analysts Lower Q3 EPS Estimate for Commercial Metals

Zacks Research cuts earnings forecast for steel and metal recycler

Apr. 10, 2026 at 10:18am

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An extreme close-up of heavy, industrial steel manufacturing equipment and machinery, conveying the tangible, physical nature of the steel industry without using any literal financial symbols or text.A powerful, wordless visual metaphor for the steel industry's machinery and production processes that drive Commercial Metals' business.Irving Today

Analysts at Zacks Research have lowered their Q3 2026 earnings per share estimate for Commercial Metals Company (NYSE:CMC), a leading global steel and metal recycler based in Irving, Texas. The research firm now expects the basic materials company to post earnings of $1.78 per share for the quarter, down from their previous estimate of $1.91.

Why it matters

The revised earnings forecast reflects analysts' concerns about the near-term outlook for Commercial Metals, which operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. The company's financial performance is closely watched as an indicator of broader trends in the steel and recycling industries.

The details

In a note issued to investors on Thursday, April 9th, Zacks Research analyst Team cited the lowered Q3 2026 EPS estimate for Commercial Metals. The firm currently has a "Hold" rating on the stock. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for the company's future performance, including FY2026 earnings at $6.71 EPS, Q2 2027 earnings at $1.38 EPS, Q3 2027 earnings at $1.81 EPS, FY2027 earnings at $6.96 EPS and FY2028 earnings at $7.06 EPS.

  • Zacks Research issued the revised Q3 2026 EPS estimate on Thursday, April 9th.

The players

Zacks Research

An equity research firm that provides investment research and analysis.

Commercial Metals Company

A leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas.

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What they’re saying

“Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $1.78 per share for the quarter, down from their previous estimate of $1.91.”

— Zacks Research analyst Team

The takeaway

The lowered Q3 2026 EPS estimate for Commercial Metals by Zacks Research suggests potential near-term headwinds for the steel and recycling company, which will be closely watched by investors as an indicator of broader industry trends.