Carpenter (CRS) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

CRS Stock Forecast

Carpenter stock forecast is as follows: an average price target of $144.00 (represents a -15.28% downside from CRS’s last price of $169.97) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.

CRS Price Target

The average price target for Carpenter (CRS) is $144.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $144.00 to $144.00. This represents a potential -15.28% downside from CRS's last price of $169.97.

CRS Analyst Ratings

Buy

According to 4 Wall Street analysts, Carpenter's rating consensus is 'Buy'. The analyst rating breakdown for CRS stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Carpenter Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jun 25, 2024	Scott Deuschle	Deutsche Bank	$144.00	$98.46	46.25%	-15.28%

The latest Carpenter stock forecast, released on Jun 25, 2024 by Scott Deuschle from Deutsche Bank, set a price target of $144.00, which represents a 46.25% increase from the stock price at the time of the forecast ($98.46), and a -15.28% decrease from CRS last price ($169.97).

Carpenter Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$144.00
Last Closing Price	$169.97	$169.97	$169.97
Upside/Downside	-100.00%	-100.00%	-15.28%

In the current month, the average price target of Carpenter stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Carpenter's last price of $169.97. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jul 30, 2024	BTIG	Buy	Buy	Hold
Jul 26, 2024	Deutsche Bank	Underperform	Underperform	Hold
Jul 26, 2024	Northcoast Research	Buy	Buy	Hold
Jul 26, 2024	Benchmark	Buy	Buy	Hold
Jun 25, 2024	BTIG		Buy	Initialise
Jun 25, 2024	Deutsche Bank		Buy	Initialise
Jun 10, 2024	Benchmark	Underperform	Underperform	Hold
Jun 10, 2024	Cowen & Co.	Buy	Buy	Hold
Apr 09, 2024	Cowen & Co.	Buy	Buy	Hold
Sep 13, 2023	Benchmark	Buy	Buy	Hold
Sep 12, 2022	Cowen & Co.		Outperform	Upgrade

Carpenter's last stock rating was published by BTIG on Jul 30, 2024. The company gave CRS a "Buy" rating, the same as its previous rate.

Carpenter Financial Forecast

Carpenter Revenue Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$624.20M	-	$758.10M	$690.10M	$579.10M	$522.90M	$563.80M	$489.00M	$396.00M	$387.60M	$421.60M	$351.90M	$348.80M	$353.30M	$437.30M	$585.40M
Avg Forecast	$942.35M	$877.06M	$814.87M	$839.34M	$866.99M	$808.57M	$754.11M	$775.81M	$816.54M	$758.99M	$724.42M	$742.96M	$763.76M	$707.73M	$657.10M	$739.15M	$743.07M	$632.50M	$523.25M	$559.40M	$506.52M	$404.88M	$365.92M	$420.42M	$377.66M	$368.53M	$363.00M	$371.00M	$509.33M	$576.25M
High Forecast	$972.55M	$905.16M	$840.99M	$866.24M	$894.78M	$834.48M	$778.28M	$800.67M	$842.71M	$787.91M	$751.89M	$744.45M	$763.76M	$730.41M	$689.21M	$768.00M	$766.88M	$652.77M	$540.02M	$559.40M	$506.52M	$404.88M	$365.92M	$420.42M	$377.66M	$368.53M	$363.00M	$371.00M	$509.33M	$576.25M
Low Forecast	$914.94M	$851.54M	$791.17M	$814.92M	$841.77M	$785.05M	$732.18M	$753.24M	$792.79M	$735.32M	$708.31M	$741.47M	$763.76M	$687.14M	$632.02M	$709.60M	$721.45M	$614.10M	$508.03M	$559.40M	$506.52M	$404.88M	$365.92M	$420.42M	$377.66M	$368.53M	$363.00M	$371.00M	$509.33M	$576.25M
# Analysts	2	2	2	2	2	2	1	1	1	4	4	2	1	1	3	4	2	2	1	1	1	1	2	2	2	2	2	15	9	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.95%	-	1.02%	1.09%	1.11%	0.93%	1.11%	1.21%	1.08%	0.92%	1.12%	0.95%	0.96%	0.95%	0.86%	1.02%

Carpenter's average Quarter revenue forecast for Mar 24 based on 1 analysts is $707.73M, with a low forecast of $687.14M, and a high forecast of $730.41M. CRS's average Quarter revenue forecast represents a 13.38% increase compared to the company's last Quarter revenue of $624.20M (Dec 23).

Carpenter EBITDA Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	2	2	2	2	2	2	1	1	1	4	4	2	1	1	3	4	2	2	1	1	1	1	2	2	2	2	2	15	9	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$69.80M	-	$96.20M	$69.60M	$52.80M	$38.20M	$24.80M	$39.00M	$7.90M	$17.50M	$-37.80M	$-16.30M	$-59.00M	$-20.20M	$-112.50M	$86.00M
Avg Forecast	$52.83M	$49.17M	$45.68M	$47.05M	$48.60M	$45.33M	$42.27M	$43.49M	$45.77M	$42.55M	$40.61M	$41.65M	$42.82M	$55.01M	$36.84M	$41.44M	$41.66M	$50.01M	$9.25M	$48.44M	$43.86M	$45.46M	$31.69M	$36.41M	$32.71M	$-17.16M	$31.44M	$32.13M	$44.11M	$81.59M
High Forecast	$54.52M	$50.74M	$47.14M	$48.56M	$50.16M	$46.78M	$43.63M	$44.88M	$47.24M	$44.17M	$42.15M	$41.73M	$42.82M	$66.01M	$38.64M	$43.05M	$42.99M	$60.01M	$11.10M	$48.44M	$43.86M	$54.55M	$31.69M	$36.41M	$32.71M	$-13.73M	$31.44M	$32.13M	$44.11M	$97.91M
Low Forecast	$51.29M	$47.74M	$44.35M	$45.68M	$47.19M	$44.01M	$41.05M	$42.23M	$44.44M	$41.22M	$39.71M	$41.57M	$42.82M	$44.00M	$35.43M	$39.78M	$40.44M	$40.00M	$7.40M	$48.44M	$43.86M	$36.37M	$31.69M	$36.41M	$32.71M	$-20.59M	$31.44M	$32.13M	$44.11M	$65.27M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.89%	-	2.31%	1.39%	5.71%	0.79%	0.57%	0.86%	0.25%	0.48%	-1.16%	0.95%	-1.88%	-0.63%	-2.55%	1.05%

1 analysts predict CRS's average Quarter EBITDA for Mar 24 to be $55.01M, with a high of $66.01M and a low of $44.00M. This is -21.20% lower than Carpenter's previous annual EBITDA (Dec 23) of $69.80M.

Carpenter Net Income Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	2	2	2	2	2	2	1	1	1	4	4	2	1	1	3	4	2	2	1	1	1	1	2	2	2	2	2	15	9	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$42.70M	-	$38.40M	$18.60M	$6.20M	$-6.90M	$2.60M	$-7.50M	$-29.40M	$-14.80M	$-57.10M	$-40.50M	$-84.90M	$-47.10M	$-118.40M	$39.90M
Avg Forecast	$159.03M	$127.40M	$117.04M	$121.68M	$129.45M	$106.36M	$100.17M	$102.23M	$96.17M	$87.48M	$81.96M	$80.21M	$76.38M	$-11.43M	$43.09M	$38.53M	$33.63M	$-10.39M	$-34.43M	$-3.42M	$-1.11M	$-9.44M	$-31.27M	$-16.90M	$-25.20M	$-42.63M	$-32.38M	$-28.34M	$9.23M	$37.85M
High Forecast	$165.66M	$132.71M	$121.92M	$126.75M	$134.84M	$110.79M	$104.35M	$106.49M	$100.17M	$98.08M	$88.22M	$82.49M	$76.39M	$-9.14M	$46.64M	$41.07M	$35.03M	$-8.31M	$-27.54M	$-3.42M	$-1.11M	$-7.56M	$-31.27M	$-16.90M	$-25.20M	$-34.11M	$-32.38M	$-28.34M	$9.23M	$45.42M
Low Forecast	$153.02M	$122.58M	$112.61M	$117.08M	$124.55M	$102.34M	$96.38M	$98.36M	$92.53M	$79.52M	$75.69M	$77.93M	$76.37M	$-13.71M	$40.05M	$37.52M	$32.36M	$-12.47M	$-41.31M	$-3.42M	$-1.11M	$-11.33M	$-31.27M	$-16.90M	$-25.20M	$-51.16M	$-32.38M	$-28.34M	$9.23M	$30.28M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	-	1.14%	-1.79%	-0.18%	2.02%	-2.34%	0.79%	0.94%	0.88%	2.27%	0.95%	2.62%	1.66%	-12.82%	1.05%

Carpenter's average Quarter net income forecast for Mar 24 is $-11.43M, with a range of $-13.71M to $-9.14M. CRS's average Quarter net income forecast represents a -126.76% decrease compared to the company's last Quarter net income of $42.70M (Dec 23).

Carpenter SG&A Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	2	2	2	2	2	2	1	1	1	4	4	2	1	1	3	4	2	2	1	1	1	1	2	2	2	2	2	15	9	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$52.80M	-	$56.10M	$54.20M	$47.40M	$46.50M	$47.40M	$38.40M	$44.60M	$44.30M	$47.90M	$47.80M	$42.20M	$42.30M	$42.00M	$50.80M
Avg Forecast	$89.13M	$82.95M	$77.07M	$79.38M	$82.00M	$76.47M	$71.32M	$73.38M	$77.23M	$71.78M	$68.52M	$70.27M	$72.24M	$58.51M	$62.15M	$69.91M	$70.28M	$53.19M	$52.23M	$52.91M	$47.91M	$48.36M	$34.61M	$39.76M	$35.72M	$50.32M	$34.33M	$35.09M	$48.17M	$48.19M
High Forecast	$91.98M	$85.61M	$79.54M	$81.93M	$84.63M	$78.92M	$73.61M	$75.73M	$79.70M	$74.52M	$71.11M	$70.41M	$72.24M	$70.21M	$65.19M	$72.64M	$72.53M	$63.83M	$62.67M	$52.91M	$47.91M	$58.03M	$34.61M	$39.76M	$35.72M	$60.38M	$34.33M	$35.09M	$48.17M	$57.83M
Low Forecast	$86.53M	$80.54M	$74.83M	$77.07M	$79.61M	$74.25M	$69.25M	$71.24M	$74.98M	$69.55M	$66.99M	$70.13M	$72.24M	$46.81M	$59.78M	$67.11M	$68.23M	$42.55M	$41.78M	$52.91M	$47.91M	$38.68M	$34.61M	$39.76M	$35.72M	$40.25M	$34.33M	$35.09M	$48.17M	$38.56M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.85%	-	0.80%	1.02%	0.91%	0.88%	0.99%	0.79%	1.29%	1.11%	1.34%	0.95%	1.23%	1.21%	0.87%	1.05%

Carpenter's average Quarter SG&A projection for Mar 24 is $58.51M, based on 1 Wall Street analysts, with a range of $46.81M to $70.21M. The forecast indicates a 10.81% rise compared to CRS last annual SG&A of $52.80M (Dec 23).

Carpenter EPS Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	2	2	2	2	2	2	1	1	1	4	4	2	1	1	3	4	2	2	1	1	1	1	2	2	2	2	2	15	9	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.86	-	$0.78	$0.38	$0.13	$-0.14	$0.05	$-0.15	$-0.60	$-0.31	$-1.18	$-0.84	$-1.76	$-0.98	$-2.46	$0.82
Avg Forecast	$3.14	$2.51	$2.31	$2.40	$2.55	$2.10	$1.98	$2.02	$1.90	$1.73	$1.62	$1.58	$1.51	$0.94	$0.85	$0.76	$0.66	$0.30	$0.12	$-0.07	$-0.02	$-0.29	$-0.62	$-0.33	$-0.50	$-0.57	$-0.64	$-0.56	$0.18	$0.78
High Forecast	$3.27	$2.62	$2.40	$2.50	$2.66	$2.19	$2.06	$2.10	$1.98	$1.93	$1.74	$1.63	$1.51	$0.98	$0.92	$0.81	$0.69	$0.32	$0.13	$-0.07	$-0.02	$-0.29	$-0.62	$-0.33	$-0.50	$-0.57	$-0.64	$-0.56	$0.18	$0.78
Low Forecast	$3.02	$2.42	$2.22	$2.31	$2.46	$2.02	$1.90	$1.94	$1.83	$1.57	$1.49	$1.54	$1.51	$0.90	$0.79	$0.74	$0.64	$0.29	$0.12	$-0.07	$-0.02	$-0.29	$-0.62	$-0.33	$-0.50	$-0.57	$-0.64	$-0.56	$0.18	$0.78
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	-	1.18%	1.25%	1.06%	2.07%	-2.27%	0.52%	0.97%	0.93%	2.37%	1.47%	2.75%	1.75%	-13.48%	1.06%

According to 1 Wall Street analysts, Carpenter's projected average Quarter EPS for Mar 24 is $0.94, with a low estimate of $0.90 and a high estimate of $0.98. This represents a 9.30% increase compared to CRS previous annual EPS of $0.86 (Dec 23).

Carpenter Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
RYI	Ryerson	$21.66	$36.50	68.51%	Hold
MEC	Mayville Engineering Company	$16.68	$24.00	43.88%	Buy
ATI	ATI	$55.25	$77.00	39.37%	Buy
WOR	Worthington Industries	$38.20	$46.00	20.42%	Hold
NWPX	Northwest Pipe Company	$52.15	$50.00	-4.12%
ESAB	ESAB	$129.51	$117.50	-9.27%	Buy
CRS	Carpenter	$172.56	$144.00	-16.55%	Buy

CRS Forecast FAQ

Is Carpenter a good buy?

Yes, according to 4 Wall Street analysts, Carpenter (CRS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of CRS's total ratings.

What is CRS's price target?

Carpenter (CRS) average price target is $144 with a range of $144 to $144, implying a -15.28% from its last price of $169.97. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Carpenter stock go up soon?

According to Wall Street analysts' prediction for CRS stock, the company can go down by -15.28% (from the last price of $169.97 to the average price target of $144), down by -15.28% based on the highest stock price target, and down by -15.28% based on the lowest stock price target.

Can Carpenter stock reach $300?

CRS's average twelve months analyst stock price target of $144 does not support the claim that Carpenter can reach $300 in the near future.

What are Carpenter's analysts' financial forecasts?

Carpenter's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $3.21B (high $3.31B, low $3.11B), average EBITDA is $179.7M (high $185.46M, low $174.47M), average net income is $438.21M (high $456.47M, low $421.64M), average SG&A $303.17M (high $312.89M, low $294.35M), and average EPS is $8.64 (high $9, low $8.32). CRS's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $3.47B (high $3.58B, low $3.37B), average EBITDA is $194.73M (high $200.97M, low $189.06M), average net income is $525.15M (high $547.03M, low $505.29M), average SG&A $328.53M (high $339.06M, low $318.97M), and average EPS is $10.36 (high $10.79, low $9.97).

Did the CRS's actual financial results beat the analysts' financial forecasts?

Based on Carpenter's last annual report (Jun 2023), the company's revenue was $2.55B, beating the average analysts forecast of $2.46B by 3.75%. Apple's EBITDA was $257.6M, beating the average prediction of $149.36M by 72.47%. The company's net income was $56.4M, missing the average estimation of $-14.6M by -486.30%. Apple's SG&A was $204.2M, missing the average forecast of $228.6M by -10.67%. Lastly, the company's EPS was $1.15, beating the average prediction of $1.02 by 12.56%. In terms of the last quarterly report (Dec 2023), Carpenter's revenue was $624.2M, missing the average analysts' forecast of $657.1M by -5.01%. The company's EBITDA was $69.8M, beating the average prediction of $36.84M by 89.49%. Carpenter's net income was $42.7M, missing the average estimation of $43.1M by -0.92%. The company's SG&A was $52.8M, missing the average forecast of $62.15M by -15.04%. Lastly, the company's EPS was $0.86, beating the average prediction of $0.85 by 1.18%