Carpenter Technology Corporation Set to Release Impressive Q2 Fiscal 2025 Earnings
Carpenter Technology Corporation (CRS) is set to announce its second-quarter fiscal 2025 results on January 30, before the market opens.
Check the latest EPS estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for Carpenter Technology’s revenue stands at $718 million, reflecting a 15% increase from the same quarter last year.
Analysts forecast Carpenter Technology’s earnings at $1.58 per share. This estimate has risen by 1% over the last 60 days and indicates a remarkable 85.9% growth year-over-year.
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A History of Earnings Surprises
Carpenter Technology has consistently outperformed the Zacks Consensus Estimates in the past four quarters, registering an average surprise of 14.1%.
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Earnings Prediction Insights for Carpenter Technology
Our model indicates uncertainty regarding an earnings beat this time for CRS. Typically, a favorable Earnings ESP combined with a Zacks Rank of #1 (Strong Buy), #2 (Buy), or #3 (Hold) raises the chances of exceeding earnings expectations. In this instance, that isn’t the case.
Earnings ESP: Carpenter Technology has an Earnings ESP of -0.38%.
Zacks Rank: The company currently holds a Zacks Rank of 2.
Key Factors Influencing Q2 Performance
Carpenter Technology is experiencing growth in its various markets, particularly in aerospace, defense, and medical applications, which is likely to continue throughout fiscal 2025 and be reflected in the upcoming results. In this quarter, demand in all aerospace submarkets should rise, driven by a recovering supply chain to support increased travel.
Nevertheless, labor and chip shortages may hinder some performance aspects. Despite these challenges, productivity improvements across Carpenter Technology’s facilities, price increases, a better product mix, and higher sales volumes are expected to counterbalance these negative effects.
We project that the Specialty Alloys Operations segment will generate sales of $620 million in this quarter, equating to a 12.8% year-over-year increase. Our estimates indicate this segment will sell 51,181 pounds, reflecting a 2.1% rise compared to the second quarter of fiscal 2024. Expected operating profits are estimated at $139 million, up from $83.3 million in the previous year.
For Performance Engineered Products, net sales are anticipated to grow 11.1% year over year to $106 million. Our projections suggest 2,545 pounds sold in this segment, which marks a 9.8% increase. We estimate an operating profit of $6.9 million, slightly down from $7.1 million reported last year.
Stock Performance Overview
In the past year, Carpenter Technology stocks have surged by 208.4%, significantly outpacing the industry, which has grown by 72%.
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Stocks Worth Watching
Here are some other stocks that might have the potential to surpass earnings estimates in their upcoming reports.
DuPont de Nemours, Inc. (DD), set to report its fourth-quarter 2024 earnings on February 11, has an Earnings ESP of +0.06% and a Zacks Rank of 3. The Zacks Consensus Estimate for DD’s earnings is set at 98 cents per share, signifying a year-over-year growth of 12.6%. Its historical average earnings surprise stands at 12.9%.
Avient Corporation (AVNT), about to release its earnings on February 13, currently holds an Earnings ESP of +0.11% and a Zacks Rank of 3. The consensus estimate for AVNT’s earnings is 48 cents per share, anticipating a 7.7% decline compared to last year, with a historical earnings surprise average of 7.4%.
Kinross Gold Corporation (KGC), scheduled for its fourth-quarter 2024 results on February 12, boasts an Earnings ESP of +36.76% and a Zacks Rank of 3. The consensus estimate for KGC is 23 cents per share, indicating significant year-over-year growth of 109% and an average earnings surprise of 32.5%.
5 Stocks with Potential to Double
These stocks were selected by Zacks experts as the top picks for an increase of +100% or more in 2024. Past recommendations have achieved returns of +143.0%, +175.9%, +498.3%, and +673.0%.
Many of these stocks are currently under the radar, presenting an excellent opportunity for investors.
Discover These 5 Potential Home Runs >>
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Kinross Gold Corporation (KGC) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Avient Corporation (AVNT) : Free Stock Analysis Report
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The views and opinions expressed herein are those of the author and do not necessarily represent those of Nasdaq, Inc.
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