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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Stocks To Watch Ahead Of Earnings: Commercial Metals

IBD 50 member Commercial Metals is in a potential buy range ahead of its next earnings report, expected on Mar. 17.

It broke out yesterday passing a 38.82 buy point from a first-stage consolidation on heavier volume.  Watch for another buying opportunity with a pullback into the buy zone.

Be aware that buying just before a stock reports can be risky. You don't know how the stock will report and how the market will react, and you don't have enough time to build a profit cushion. You can reduce your risk by waiting to see how the company reports and how the market reacts.

See How IBD Helps You Make More Money In Stocks

While sales growth fell last quarter from 44% to 42%, the bottom line grew 179%, up from 59% in the previous report.

Analysts expect earnings-per-share growth of 98% for the quarter, and 49% growth for the full year. Annual growth estimates were recently revised upward.

Commercial Metals has a 99 Composite Rating and earns the No. 1 rank among its peers in the Metal-Fabricators industry group. Reliance Steel & Aluminum and Insteel Industries are also among the group's highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.

 

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