Commercial Metals jumps after Q4 results beat estimates

By Reuters News

**Steelmaker Commercial Metals' CMC.N shares climb 4.15% to $68 premarket

**Co reports Q4 adj. EPS of $2.09 per share, beating analysts' average estimate of $1.97 — data compiled by LSEG

** CMC reports quarterly revenue of $2.66 bln, beating analyst expectations of $2.57 bln

** Co targets about $100 million in incremental annualized EBITDA from margin-improvement initiatives in FY27

** 9 of 14 brokerages rate the stock "buy" or higher and 5 "hold"; median PT $80

** Stock trading at 8.57 times expected EPS over the next 12 months, well above industry median of 3.25

** Including session's move, CMC down over 5% YTD

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