CEMEX Meets on the Top Line, Misses Where it Counts

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CEMEX (NYS: CX) reported earnings on Feb. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CEMEX met expectations on revenues and missed expectations on earnings per share.

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


Gross margins grew, operating margins dropped, net margins grew.

Revenue details
CEMEX recorded revenue of $3.71 billion. The 11 analysts polled by S&P Capital IQ expected sales of $3.72 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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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 -$0.43. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.09 per share. GAAP EPS were -$0.15 for Q4 compared to -$0.49 per share for the prior-year quarter.

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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 30.6%, 390 basis points better than the prior-year quarter. Operating margin was 1.5%, 390 basis points worse than the prior-year quarter. Net margin was -13.2%, 170 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.56 billion. On the bottom line, the average EPS estimate is -$0.08.

Next year's average estimate for revenue is $16.03 billion. The average EPS estimate is -$0.03.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 3,764 members out of 3,922 rating the stock outperform, and 158 members rating it underperform. Among 1,138 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,109 give CEMEX a green thumbs-up, and 29 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CEMEX is outperform, with an average price target of $10.01.

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The article CEMEX Meets on the Top Line, Misses Where it Counts 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. The Motley Fool has no position in any of the stocks mentioned. 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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