Cemex S.A.B. de C.V. (NYSE:CX) is reporting second quarter financial results on Monday 27th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, CX is expected to report 2Q20 income of $ 0.01 per share from revenue of $ 2959.73 million.
For the full year, analysts anticipate top line of $ 12126.70 million, while looking forward to income of $ 0.06 per share bottom line.
Previous Quarter Performance
Cemex S.A.B. de C.V. communicated income for the first quarter of $ 0.01 per share, from the revenue of $ 3,085.00 million. The quarterly earnings down 20.69 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting, CX to report 1Q20 income of $ 0.01 per share from revenue of $ 3,100.00 million. The bottom line results street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 15 million or 0.48 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CX was $ 2.83, representing a 82.58 % increase from the 52 week low of $ 1.55 and a 35.24 % decrease over the 52 week high of $ 4.37.
The company has a market capital of $ 4.28 billion and is part of the Basic Materials sector and Building Materials industry.
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Recent Analyst recommendations
- On 15th July 2020, upgraded by Credit Suisse Group to Outperform from Neutral rating, with $ 3.70 target price.
Conference Call
Cemex S.A.B. de C.V. will be hosting a conference call at 10:00 AM eastern time on 27th July 2020, to discuss its 2Q20 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.
