The Gory Details on CEMEX's Double Fumble

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CEMEX (NYS: CX) reported earnings on July 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), CEMEX missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP loss per share dropped.


Margins expanded across the board.

Revenue details
CEMEX chalked up revenue of $3.86 billion. The 10 analysts polled by S&P Capital IQ foresaw a top line of $4.05 billion on the same basis. GAAP reported sales were 3.5% lower than the prior-year quarter's $4.05 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.17. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.09 per share. GAAP EPS were -$0.17 for Q2 against -$0.27 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 30.0%, 180 basis points better than the prior-year quarter. Operating margin was 9.5%, 320 basis points better than the prior-year quarter. Net margin was -4.8%, 240 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.98 billion. On the bottom line, the average EPS estimate is -$0.08.

Next year's The average EPS estimate is -$0.36.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,805 members rating the stock outperform, and 159 members rating it underperform. Among 1,029 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 986 give CEMEX a green thumbs-up, and 43 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CEMEX is hold, with an average price target of $8.19.

The article The Gory Details on CEMEX's Double Fumble originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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