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FINANCIALS

Earnings Whispers: Commercial Metals Company (CMC) & Global Payments Inc (GPN)

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The Country Caller highlights whisper numbers for Commercials Metals Company and Global Payments before they release their results on Monday

Commercial Metals Company (NYSE:CMC) and Global Payments Inc. (NYSE:GPN) will post their financial earnings before markets open on Monday, January 9, 2017. Commercial Metals is expected to announce financial data for the first quarter of fiscal year 2017 (1QFY17) whereas Global Payments is projected to publish its 2QFY17 results. The Country Caller examines earnings whispers for both the companies and it appears that Global Payments is likely to exceed analysts’ predictions, both on its top and bottom lines.

Commercial Metals (CMC)

The company reported 22 cents in earnings per share for 1QFY16. Analysts expect its first quarter EPS to clock in at 17 cents, down 22.73% year-over-year). Interestingly, the company also posted an EPS of 22 cents for 4QFY16.

Commercial Metals also published $1.7 billion revenue for the same period last year. This season, Estimize.com and Wall Street analysts predict the company would report $1.16 billion in revenues. This indicates a 31.76% YoY decline in the top line. Furthermore, the $2.57 billion company reported $1.2 billion revenue last quarter.

Global Payments (GPN)

Global Payments is also expected to publish its earnings in pre-market hours Monday. The company is expected by the consensus to report 84 cents in EPS, indicating an expected 27.27% YoY earnings growth. Earningswhispers.com expects the Georgia-based company to exceed analysts’ bottom line expectations by four cents, with its EPS estimate of 88 cents. The company also declared 86 cents in EPS for 1QFY17.

Global Payments also has a consensus revenue forecast of $803.6 million, considerably lower than Estimize.com’s predicted number of $805.93 million. Furthermore, the $11.6 billion company posted $518 million revenue for the second quarter of last year. It also announced $939.5 million net sales for the quarter ended September 30, 2016.

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