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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Top-Rated Commercial Metals Stock Near Buy Point With Earnings Due

With its next quarterly earnings report due around Jun. 16, Commercial Metals stock is trading approximately 14% under a 46.78 entry. The current formation is a second-stage consolidation.

Be aware that buying just before a stock reports is risky, since an EPS or sales miss could send it sharply lower. You can minimize your risk by waiting to see how the company reports and how the market reacts. You can also use an options strategy to limit your potential downside.

See How IBD Helps You Make More Money In Stocks

Commercial Metals Sees Robust Earnings, Sales Growth

Commercial Metals posted 132% earnings growth last quarter, while sales growth came in at 37%.

Analysts expect earnings-per-share growth of 83% for the quarter, and 110% growth for the full year.

Commercial Metals stock has a 97 Composite Rating and earns the No. 3 rank among its peers in the Metal-Fabricators industry group. Insteel Industries is the No. 1-ranked stock within the group.

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

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