Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Carpenter Technology (CRS) due to higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - Carpenter Technology is expected to report quarterly earnings of $1.57 per share, reflecting a year-over-year increase of +78.4% [2] - Revenues are projected to be $708.22 million, which is an 8.6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 2.92% lower in the last 30 days, indicating a reassessment by analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model shows that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% for Carpenter [4][6] - The stock holds a Zacks Rank of 1, indicating a strong buy, but this combination makes it challenging to predict an earnings beat [6] Historical Performance - In the last reported quarter, Carpenter exceeded the expected earnings of $1.52 per share by delivering $1.82, resulting in a surprise of +19.74% [7] - Over the past four quarters, Carpenter has beaten consensus EPS estimates three times [7] Conclusion - While Carpenter does not appear to be a compelling earnings-beat candidate, investors should consider other factors before making investment decisions [8]

From a technical perspective, Carpenter Technology (CRS) is looking like an interesting pick, as it just reached a key level of support. CRS recently overtook the 20-day moving average, and this suggests a short-term bullish trend. The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. ...

PHILADELPHIA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that Howard Yu has been appointed to the Company's Board of Directors, effective October 9, 2024. Mr. Yu brings more than 25 years of financial leadership experience in large multinational organizations. Mr. Yu is currently the Executive Vice President, Chief Financial Officer for Ball Corporation, a supplier of innovative, sustainable aluminum packaging solutions for beverage, personal care and hous ...

Investors in Carpenter Technology Corporation (CRS) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $52.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the othe ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Carpenter Technology (CRS) . This company, which is in the Zacks Steel - Speciality industry, shows potential for another earnings beat. When looking at the last two reports, this maker of stainless steels and special alloys has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 23.1 ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today September 19th: Vertiv (VRT) : This company which provides digital infrastructure and continuity solutions, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days. Vertiv's has a PEG ratio of 1.15 compared with 3.73 for the industry. The company possesses a Growth Score of A. Pilgrim's Pride (PPC) : This compa ...

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 29th: Carpenter Technology (CRS) : This company which is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels as well as drilling tools, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days. Carpenter Technology ...