Carpenter Technology Corporation (CRS)

Carpenter Technology Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for CRS stock have an average target of 139.6, with a low estimate of 89 and a high estimate of 175. The average target predicts a decrease of -22.75% from the current stock price of 180.71.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$89	$139.6	$144	$175
Change	-50.75%	-22.75%	-20.31%	-3.16%

Analyst Ratings

The average analyst rating for CRS stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	3	4	4	4	4	4
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	4	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Josh Sullivan Benchmark	Benchmark	Strong Buy Reiterates $175	Strong Buy	Reiterates	$175	-3.16%	Oct 25, 2024
Andre Madrid BTIG	BTIG	Strong Buy Maintains $120 → $165	Strong Buy	Maintains	$120 → $165	-8.69%	Jul 30, 2024
Josh Sullivan Benchmark	Benchmark	Strong Buy Maintains $140 → $175	Strong Buy	Maintains	$140 → $175	-3.16%	Jul 26, 2024
Scott Deuschle Deutsche Bank	Deutsche Bank	Strong Buy Initiates $144	Strong Buy	Initiates	$144	-20.31%	Jun 25, 2024
Chris Olin Northcoast Research	Northcoast Research	Hold → Strong Sell Downgrades $89	Hold → Strong Sell	Downgrades	$89	-50.75%	Jun 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.03B

Increased by 9.79%

from 2.76B

Revenue Next Year

3.24B

Increased by 7.06%

from 3.03B

EPS This Year

6.96

Increased by 88.01%

from 3.70

EPS Next Year

7.91

Increased by 13.73%

from 6.96

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jun 30, 2020	Jun 30, 2021	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026	Jun 30, 2027
Revenue	2.18B	1.48B	1.84B	2.55B	2.76B	3.03B	3.24B	3.51B
Revenue Growth	-8.36%	-32.35%	24.44%	38.88%	8.21%	9.79%	7.06%	8.14%
EPS	0.02	-4.76	-1.01	1.14	3.70	6.96	7.91	10.46
EPS Growth	-99.42%	-	-	-	224.56%	88.01%	13.73%	32.26%
Forward PE	-	-	-	-	-	25.98	22.84	17.27
No. Analysts	-	-	-	-	-	8	6	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	3.3B	3.7B	3.6B
Avg	3.0B	3.2B	3.5B
Low	2.8B	2.9B	3.4B

Revenue Growth

Revenue Growth	2025	2026	2027
High	18.1%	21.8%	12.4%
Avg	9.8%	7.1%	8.1%
Low	2.1%	-5.8%	4.9%

EPS Forecast

EPS	2025	2026	2027
High	7.33	9.07	10.88
Avg	6.96	7.91	10.46
Low	6.55	6.93	10.15

EPS Growth

EPS Growth	2025	2026	2027
High	98.1%	30.4%	37.5%
Avg	88.0%	13.7%	32.3%
Low	76.9%	-0.4%	28.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.