CEMEX Beats on Both Top and Bottom Lines
CEMEX (NYS: CX) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), CEMEX beat slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share shrank.
Gross margins dropped, operating margins expanded, and net margins grew.
CEMEX tallied revenue of $3.50 billion. The seven analysts polled by S&P Capital IQ looked for sales of $3.45 billion on the same basis. GAAP reported sales were 3.3% higher than the prior-year quarter's $3.42 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.08. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.11 per share. GAAP EPS were -$0.02 for Q1 against -$0.26 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.9%, 160 basis points worse than the prior-year quarter. Operating margin was 6.9%, 180 basis points better than the prior-year quarter. Net margin was -0.7%, 750 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.11 billion. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $15.69 billion. The average EPS estimate is -$0.28.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 3,837 members out of 3,990 rating the stock outperform, and 153 members rating it underperform. Among 1,128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,097 give CEMEX a green thumbs-up, and 31 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 $7.25.
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At the time this article was published 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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