Carpenter Technology Set to Report Q3 Earnings: What's in Store?

Core Viewpoint - Carpenter Technology Corporation (CRS) is expected to report third-quarter fiscal 2025 results on April 24, with sales estimated at $731.5 million, reflecting a 6.8$1.74 per share, indicating a 46.2% year-over-year growth, with a 2.9% increase in estimates over the past 60 days [2]. - CRS has a solid earnings surprise history, beating estimates in the last four quarters with an average surprise of 15.7% [3][4]. - The Earnings ESP for CRS is -0.18%, and it currently holds a Zacks Rank of 1 (Strong Buy) [8]. Segment Performance - The Specialty Alloys Operations segment is expected to report sales of $661 million, an 8.7$142 million, up from $103 million [11]. - Performance Engineered Products' net sales are projected to decline by 0.5$102 million, with an operating profit expected to rise to $11.2 million from$9.2 million [12]. Market Trends - CRS has experienced growth in end-use markets, particularly in aerospace, defense, and medical applications, which is anticipated to continue throughout fiscal 2025 [9]. - Despite challenges from labor and chip shortages, increased productivity, higher prices, and improved product mix are expected to mitigate these issues [10]. - CRS shares have increased by 116.5% over the past year, significantly outperforming the industry average growth of 17.7% [13].