Carpenter Technology (CRS) Tops Q2 Earnings Estimates

Group 1 - Carpenter Technology (CRS) reported quarterly earnings of $1.66 per share, exceeding the Zacks Consensus Estimate of $1.56 per share, and showing a significant increase from $0.85 per share a year ago, representing an earnings surprise of 6.41% [1] - The company posted revenues of $676.9 million for the quarter ended December 2024, which was 4.51% below the Zacks Consensus Estimate, but an increase from $624.2 million in the same quarter last year [2] - Carpenter has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates twice during the same period [2] Group 2 - The stock has gained approximately 23.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the upcoming quarter is $1.65, with expected revenues of $744.41 million, and for the current fiscal year, the consensus EPS estimate is $6.74 on revenues of $2.94 billion [7] - The Steel - Specialty industry, to which Carpenter belongs, is currently ranked in the top 10% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]