Exploring high growth characteristics of CARPENTER TECHNOLOGY (NYSE:CRS).

Our stockscreener has identified a possible breakout setup on CARPENTER TECHNOLOGY (NYSE:CRS). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:CRS for potential opportunities.

Analyzing the Technical Aspects

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 8 out of 10 to CRS. In the last year, CRS was one of the better performers, but we do observe some doubts in the very recent evolution.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• Looking at the yearly performance, CRS did better than 96% of all other stocks. On top of that, CRS also shows a nice and consistent pattern of rising prices.
• CRS is part of the Metals & Mining industry. There are 155 other stocks in this industry. CRS outperforms 96% of them.
• CRS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CRS is performing more or less in line with the market.

Check the latest full technical report of CRS for a complete technical analysis.

Why is NYSE:CRS a setup?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:CRS this score is currently 7:

CRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 171.08, a Stop Loss order could be placed below this zone.

Why NYSE:CRS may be interesting for high growth investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), CARPENTER TECHNOLOGY highlights its ability to generate increasing profitability, showcasing a 94.38% growth.
• The average next Quarter EPS Estimate for CARPENTER TECHNOLOGY has experienced a 28.94% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• In the most recent financial report, CARPENTER TECHNOLOGY reported a 94.38% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• CARPENTER TECHNOLOGY has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• CARPENTER TECHNOLOGY has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• With a solid Return on Equity (ROE) of 13.67%, CARPENTER TECHNOLOGY exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• CARPENTER TECHNOLOGY exhibits a favorable Debt-to-Equity ratio at 0.42. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• With a track record of beating EPS estimates 3 times in the last 4 quarters, CARPENTER TECHNOLOGY showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• CARPENTER TECHNOLOGY has exhibited strong Relative Strength(RS) in recent periods, with a current 96.06 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. CARPENTER TECHNOLOGY shows promising potential for continued price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.