Surging Earnings Estimates Signal Upside for Commercial Metals (CMC) Stock
Commercial Metals (CMC) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this manufacturer and recycler of steel and metal products is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation ...