Ternium S.A. Earnings: Here’s Why Shares are Down Now
Ternium S.A. (NYSE:TX) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.98%.
Ternium S.A. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.57% to $0.58 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Decreased 1.08% to $2.13 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ternium S.A. reported adjusted EPS income of $0.58 per share. By that measure, the company missed the mean analyst estimate of $0.69. It beat the average revenue estimate of $2.13 billion.
Key Stats (on next page)…
EPS decreased 12.12% from $0.66 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.70 to a profit $0.55. For the current year, the average estimate is a profit of $2.67, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)