The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Carpenter Technology's revenues will wane -3.6% and EPS will shrink -20.5%.
The average estimate for revenue is $620.8 million. On the bottom line, the average EPS estimate is $0.70.
Last quarter, Carpenter Technology tallied revenue of $581.4 million. GAAP reported sales were 7.7% higher than the prior-year quarter's $539.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.69. GAAP EPS of $0.62 for Q3 were 10% lower than the prior-year quarter's $0.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 17.4%, 210 basis points worse than the prior-year quarter. Operating margin was 9.1%, 270 basis points worse than the prior-year quarter. Net margin was 5.7%, 40 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.28 billion. The average EPS estimate is $2.72.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 382 members out of 406 rating the stock outperform, and 24 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Carpenter Technology a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carpenter Technology is outperform, with an average price target of $64.36.
Worried about inflation? Interested in gold? Find out the best way to profit in both scenarios a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
- Add Carpenter Technology to My Watchlist.