Cemex SAB de CV reports results for the quarter ended March 31 - Earnings Summary

• Cemex SAB de CV CX.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of five analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 1 cents to 9 cents per share.

• Revenue fell 11.8% to $3.65 billion from a year ago; analysts expected $3.65 billion.

• Cemex SAB de CV's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $733.96 million.

• Cemex SAB de CV shares had risen by 5.5% this quarter and gained 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 42.1% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction materials peer group is also "buy"

• Wall Street's median 12-month price target for Cemex SAB de CV is $8.15

This summary was machine generated from LSEG data April 28 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)