Ternium S.A. (NYSE:TX) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, TX is expected to report 2Q20 revenue of $ 1727.85 million.
For the full year, analysts anticipate top line of $ 7793.71 million, while looking forward to income of $ 0.73 per share bottom line.
Previous Quarter Performance
Ternium S.A. revealed loss for the first quarter of $ 0.06 per share, from the revenue of $ 2,271.00 million. The quarterly earnings declined 90.00 percent while revenues compared with the same quarter last year. Wall street analysts are predicting revenue of $ 2380.00 million The top line results fell short of analysts by $ 109 million or 4.58 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TX was $ 14.84, representing a 54.74 % increase from the 52 week low of $ 9.59 and a 37.25 % decrease over the 52 week high of $ 23.65.
The company has a market capital of $ 3.00 billion and is part of the Basic Materials sector and Steel industry.
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Recent Analyst recommendations
- On 22nd June 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating.
Ternium S.A., through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.
