Cemex S.A.B. de C.V. (NYSE:CX) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.05 per share.
Looking ahead, the full year income are expected at $ 0.14 per share on the revenues of $ 12456.50 million.
Previous Quarter Performance
Cemex S.A.B. de C.V. posted income for the second quarter of $ 0.01 per share, from the revenue of $ 2,912.00 million. The quarterly earnings dropped 83.33 percent while revenues decreased 17.34 percent compared with the same quarter last year. The top line results fell short of analysts by $ 47.73 million or 1.61 percent.
Stock Performance
Shares of Cemex S.A.B. de C.V. traded low $ -0.11 or -2.69 percent on Tuesday, reaching $ 3.98 with volume of 3.37 million shares. Cemex S.A.B. de C.V. has traded high as $ 4.09 and has cracked $ 3.93 on the downward trend
According to the previous trading day, closing price of $ 3.98, representing a 163.87 % increase from the 52 week low of $ 1.55 and a 6.41 % decrease over the 52 week high of $ 4.37.
The company has a market capital of $ 6.01 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 29th September 2020, initiated by UBS Group at Buy rating, with $ 4.50 target price.
- On 15th September 2020, upgraded by Goldman Sachs Group to Buy from Neutral rating.
- On 11th September 2020, maintained by Scotiabank at Sector Perform rating, with $ 4.20 target price.
- On 8th September 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
Conference Call
Cemex S.A.B. de C.V. will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cemex.com
CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
