Core Molding TechnologiesNYSE American: CMT

Reduced transactions in multiple regions in the CMT segment are expected to have affected WU's results.

Core Molding Technologies (CMT) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.91 per share a year ago.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Core Molding Technologies (CMT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

At Zacks, we prioritize the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also stay updated on current value, growth, and momentum trends to highlight solid selections.

Core Molding Technologies (CMT) saw a significant increase in stock price on high trading volume during the last session. However, recent changes in earnings estimates for the stock do not indicate continued growth in the future.

Core Molding Technologies is a company with a leading position in providing products in the thermoplastic and thermoset categories. The company has long-term relationships with major blue-chip companies, giving it a competitive advantage. It has a reverse order for its addressable market and current sales contributor, indicating potential for growth.

COLUMBUS, Ohio, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today announced that the Company will present at the Southwest IDEAS Investor Conference at 10:05 am CT on November 16, 2023, at The Statler Dallas, and management will also be available for 1x1 meetings that day. The presentation will be webcast and may be accessed through the conference host's main website: https://www.threepartadvisors.com/southwest and in the investor relations section of the company's website: https://coremt.com/investor-relations/events-presentations/.

Core Molding Technologies has seen a significant increase in its share price and has access to a large total addressable market valued at over $10 billion. CMT specializes in the manufacturing of thermoplastic and thermoset structural products, serving diverse markets across various sectors. The company faces some risks related to fluctuating material costs and potential disruptions in its supply chain, but its financials show progress and a strong cash position.