CMC, US2017231034

Commercial Metals stock heads into October 15 earnings with buyback

Published on 10/05/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Commercial Metals stock approaches its October 15 fiscal 2026 earnings call after revenue rose 22.9 percent in fiscal Q3. A USD 600 million buyback adds a capital-return angle.

CMC, US2017231034, Illustration mit AI erstellt.

Commercial Metals Company (ISIN US2017231034) was last at USD 63.58 on the NYSE on October 2, 2026, up 1.37 percent on the session and valued at USD 7.0 billion. The next major checkpoint is fiscal 2026 fourth-quarter and full-year results on October 15, 2026, with the webcast scheduled for 11:00 a.m. ET, according to FT.com.

October 15 sets the next test

The scheduled release will show whether the stronger fiscal Q3 operating result carried into the final quarter. MarketBeat lists consensus estimates of USD 1.96 adjusted earnings per share and USD 2.56 billion in revenue for fiscal Q4 2026, with the report dated October 15, 2026.

The company enters that date with a larger capital-return authorization. MarketBeat reports that the board approved a USD 600 million share-repurchase program on August 5, 2026, covering up to 7.5 percent of outstanding shares.

Fiscal Q3 delivered double-digit growth

Commercial Metals reported fiscal Q3 2026 diluted EPS of USD 1.73 against a USD 1.70 consensus estimate. Revenue reached USD 2.48 billion versus USD 2.40 billion expected, a 22.9 percent increase from USD 2.02 billion in the year-earlier quarter, according to MarketBeat. The EPS comparison is also notable: fiscal Q3 2025 EPS was USD 0.74, leaving the latest result USD 0.99 higher.

That combination gives the October report two concrete benchmarks: whether revenue can remain above the USD 2.56 billion consensus and whether the buyback can coexist with investment in mills, recycling and fabrication operations. CMC manufactures and recycles steel products used in construction and infrastructure markets.

Analysts see room above USD 63.58

MarketBeat reports a Moderate Buy consensus from 15 analysts, comprising 10 Buy ratings and 5 Hold ratings, with an average 12-month price target of USD 81.64. Against the October 2 close, that target lies 28.4 percent above the price.

The market is pricing a clear execution test rather than a single earnings number. CMC shares remain USD 21.29 below the 52-week high of USD 84.87 and USD 10.50 above the 52-week low of USD 53.08, placing the next earnings release at the center of the near-term valuation debate.

Stock trades above its yearly low

Commercial Metals stock was last at USD 63.58 on the NYSE on October 2, 2026. The session range was USD 63.30 to USD 64.22, with volume of 899,767 shares.