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Carpenter Technology Corporation CRS is scheduled to report second-quarter fiscal 2025 results on Jan. 30, before the opening bell.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for CRS’s revenues is pegged at $718 million, indicating 15% growth from the year-ago reported figure.
The consensus estimate for Carpenter Technology’s earnings is pegged at $1.58 per share. The Zacks Consensus Estimate for CRS’s earnings has moved up 1% in the past 60 days. The estimate indicates a year-over-year surge of 85.9%.
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CRS’s Solid Earnings Surprise History
Carpenter Technology’s earnings beat the Zacks Consensus Estimates in the trailing four quarters, the average surprise being 14.1%
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What the Zacks Model Unveils for Carpenter Technology
Our proven model does not conclusively predict an earnings beat for CRS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here, as you can see below.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: Carpenter Technology has an Earnings ESP of -0.38%.
Zacks Rank: CRS currently carries a Zacks Rank of 2.
Factors Likely to Have Shaped CRS’s Q2 Performance
Carpenter Technology has been witnessing growth across its end-use markets, especially in aerospace, defense and medical applications, which is anticipated to continue throughout fiscal 2025 and be reflected in the fiscal second-quarter 2025 results. In the quarter, demand is expected to have accelerated across all aerospace submarkets as the supply chain ramped up to meet increasing travel demand.
However, the company has been bearing the brunt of labor and chip shortages, which are likely to have affected its performance .
Nonetheless, gains from increased productivity across Carpenter Technology’s facilities, higher prices, an improved product mix and increased volumes are expected to have negated these headwinds. The impacts of these are likely to have reflected in the company’s margin .
We expect the Specialty Alloys Operations segment’s sales to be $620 million in the quarter, indicating growth of 12.8% from the year-ago quarter’s figure. Our model estimates the segment to sell 51,181 pounds in the second quarter of fiscal 2025, indicating a 2.1% rise from that reported in the second quarter of fiscal 2024. We expect the operating profit to be $139 million, indicating growth from $83.3 million reported in second-quarter fiscal 2024.
We expect Performance Engineered Products’ net sales to increase 11.1% year over year to $106 million . Our model predicts the segment to sell 2,545 pounds in the quarter, indicating an increase of 9.8%. Our estimate for the segment’s operating profit is $6.9 million. It reported an operating profit of $7.1 million in the year-ago quarter.