CRS Earnings History
Carpenter Technology Corporation (CRS) operates in the Industrials sector, specifically the Manufacturing - Metal Fabrication industry, with a market capitalization near $22.90B, listed on NYSE, employing roughly 4,600 people, carrying a beta of 1.24 to the broader market. Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. Led by Tony R. Thene, public since 1987-11-05.
Carpenter Technology Corporation has beat EPS estimates in 5 of the last 6 quarters.
| Date | EPS Est. | EPS Actual | Surprise | Revenue Est. | Revenue Actual |
|---|---|---|---|---|---|
| Jul 30, 2026 | 3.00 | N/A | N/A | $861.2M | N/A |
| Apr 29, 2026 | 2.59 | 2.77 | N/A | $797.0M | $811.5M |
| Jan 29, 2026 | 2.22 | 2.33 | N/A | $690.9M | $728.0M |
| Oct 23, 2025 | 2.13 | 2.43 | N/A | $717.9M | $733.7M |
| Jul 31, 2025 | 2.07 | 2.21 | N/A | $792.5M | $755.6M |
| Apr 24, 2025 | 1.74 | 1.88 | N/A | $729.8M | $727.0M |
What CRS's Earnings History Tells Options Traders
Carpenter Technology Corporation has a strong beat history (5 beats in 6 reports). Consistent beat-rate patterns typically inflate pre-event implied volatility and produce a sharp IV-crush after the print, conditions that favor pre-earnings short-vol structures when IV rank is elevated. Beat rate is one input to event-driven sizing; pair it with the implied-vs-realized volatility view, the current IV rank, and the put-call skew going into the print. Surprise magnitude matters as much as direction - an in-line beat with conservative guidance can produce a larger negative move than a missed quarter with raised forward guidance. The earnings table above shows the most recent six reported quarters; for the full multi-year history including revenue growth trajectory and EPS guidance trends, the per-ticker fundamentals view aggregates the underlying GAAP filings.
How Earnings Drive CRS Options Pricing
Earnings events are the largest single driver of single-name implied volatility in equity options markets. Pre-event, IV inflates over the two-to-three week run-up as the binary uncertainty of the print compounds; the IV rank typically peaks the day before the announcement. Post-event, IV crushes back toward the realized-volatility baseline as uncertainty resolves. The magnitude of the crush depends on how stretched pre-event IV was relative to the eventual realized move - an oversized pre-event IV with an undersized realized move produces the cleanest premium-selling outcome, while a stretched IV that still under-prices a tail move on the print produces the cleanest long-vol outcome.
The catalyst calendar for CRS matters beyond the headline EPS surprise. Forward guidance revisions, capital-allocation changes (dividend hikes, buyback authorizations, M&A announcements), and segment-level performance discussions can drive larger post-event moves than the headline beat or miss. Pair the earnings beat-rate read above with the upcoming-event calendar and the IV-rank view to size pre-event and post-event positioning; for short-vol structures the goal is to be long premium-rich and to harvest the IV crush, while for long-vol structures the goal is to own gamma cheap into a regime where the realized move is likely to exceed the implied move.
Frequently asked CRS earnings questions
- How often does CRS beat earnings estimates?
- Carpenter Technology Corporation (CRS) has beat consensus EPS estimates in 5 of the last 6 quarters. The table above shows estimate, actual, surprise percent, and revenue figures per quarter. Beat-rate matters less than the *pattern* of beats and misses: a name with a consistent beat history sees implied-vol expansion ahead of the print and a sharp IV crush after.
- What was CRS's last reported earnings?
- The most recent reported quarter is Jul 30, 2026. Revenue, EPS, and prior-quarter comparisons are in the table above. Subsequent estimates and analyst-revisions live on the analyst-ratings page.
- How do CRS earnings drive options pricing?
- Earnings events are the single largest driver of single-name implied volatility in equity options markets. Pre-event, IV inflates as the market prices the binary outcome (beat / miss / guidance change). Post-event, IV crushes as uncertainty resolves. The size of the crush is a function of how stretched pre-event IV was relative to the realized move: an oversized pre-event IV with an undersized move produces the cleanest premium-selling result. Pair CRS earnings history with the implied-vs-realized volatility view to size pre-event positioning.
- When does CRS report next?
- Next-quarter earnings dates are typically announced by the company 3-6 weeks ahead. Check the earnings-calendar page or company investor-relations site for the confirmed date. Pre-event IV typically begins building 2-3 weeks before the announcement and peaks the day before.