Earnings Preview: Carpenter Technology

Published on Wednesday, 25 January 2012 10:56 Written by Christopher Lynn

New York, January 25th (TradersHuddle.com) - Shares of Carpenter Technology Corporation (NYSE:CRS) are trading lower by -2.07% ahead of its quarterly earnings release. Carpenter Technology, the maker and fabricator of stainless steels, titanium, and specialty metal alloys is expected to release its quarterly results on January 26^th.

Wall Street Analysts consensus calls for a profit of $0.51 a share on $434.93 million revenue.

Carpenter Technology estimates have a range of $0.08 a share. The high estimate calls for profit of $0.56 a share and the low estimate is calling for a profit of $0.48 a share, a year ago for the quarter the company reported $0.21 a share.

Carpenter Technology Corporation (NYSE:CRS) manufactures and fabricates, stainless steels, titanium, and specialty metal alloys. The company operates in two segments, Advanced Metals Operations and Premium Alloys Operations. The Advanced Metals Operations segment manufactures and distributes metal alloys, stainless steels, and titanium in the form of small bars and rods, wire, narrow strip, and powder. The Premium Alloys Operations segment provides metal alloys and stainless steels in the form of ingots, billets, large bars, and hollows.

Other companies on the watch on this earnings event are Worthington Industries, Inc. NYSE:WOR and Precision Castparts Corp. NYSE:PCP.