Commercial Metals Company CMC reported fourth-quarter 2019 adjusted earnings per share of 76 cents, beating the Zacks Consensus Estimate of 70 cents. The figure also surged 49% year over year.Including one-time items, the company reported net income of 72 cents per share during the fourth quarter compared with the prior-year quarter’s 43 cents.Net sales for the reported quarter surged 18% year over year to $1,543 million. However, the reported figure missed the Zacks Consensus Estimate of $1,569 million.Commercial Metals Company Price, Consensus and EPS Surprise Commercial Metals Company price-consensus-eps-surprise-chart | Commercial Metals Company QuoteCost of goods sold in the reported quarter improved around 15% year over year to roughly $1,290 million. Gross profit surged 38% year over year to $253 million in the quarter. Core EBITDA was $1596 million in the fiscal fourth quarter compared with the year-ago quarter’s $124 million.FinancialsCommercial Metals exited fiscal 2019 with cash and cash equivalents of $192.5 million compared with $622.5 million at the end of fiscal 2018. The company’s long-term debt increased to $1,227 million at the end of fiscal 2019 from $1,139 million recorded as of the end of fiscal 2018. Cash flow from operating activities were $37 million during the fiscal 2019 compared with cash usage of $434 million in the prior fiscal.Fiscal 2019 PerformanceAdjusted earnings per share in fiscal 2019 improved 40% year over year to $2.08, which surpassed the Zacks Consensus Estimate of $2.02. Including one-time items, the company reported earnings per share of $1.67 in fiscal 2019 compared with $1.14 in fiscal 2018.Net sales in fiscal 2019 grew 26% year over year to $5.83 billion. However, the reported figure missed the Zacks Consensus Estimate of $5.88 billion.OutlookBacked by a solid fabrication backlog, current positive rebar margin environment and momentum in the Polish operations, the company expects improved results in fiscal 2020.Price PerformanceCommercial Metals’ shares have fallen 0.2% over the past year, compared with the industry’s decline of 25.5%.Zacks Rank & Stocks to ConsiderCommercial Metals currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Basic Materials space are Agnico Eagle Mines Limited AEM, Franco-Nevada Corporation FNV and Kirkland Lake Gold Ltd. KL, all currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Agnico Eagle Mines has an expected earnings growth rate of 162.86% for 2019. The company’s shares have gained 50% in the past year.Franco-Nevada Corporation has a projected earnings growth rate of 39.32% for the current year. The company’s shares have rallied 52% in a year’s time.Kirkland Lake Gold has an estimated earnings growth rate of 71.32% for the ongoing year. Its shares have appreciated 123% in the past year.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Franco-Nevada Corporation (FNV): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report Kirkland Lake Gold Ltd. (KL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research