Is it time to Buy before this week’s earning report CEMEX (NYSE:CX)

Earnings results for CEMEX (NYSE:CX)

Cemex S.A.B. de C.V. is estimated to report earnings on 08/02/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $0.01.

CEMEX last issued its earnings results on April 29th, 2021. The construction company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $3.41 billion for the quarter. CEMEX has generated ($0.90) earnings per share over the last year (($0.57) diluted earnings per share). Earnings for CEMEX are expected to decrease by -4.05% in the coming year, from $0.74 to $0.71 per share. CEMEX has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 2nd, 2021 based off prior year’s report dates.

Analyst Opinion on CEMEX (NYSE:CX)

14 Wall Street analysts have issued ratings and price targets for CEMEX in the last 12 months. Their average twelve-month price target is $7.36, predicting that the stock has a possible downside of 13.88%. The high price target for CX is $11.00 and the low price target for CX is $3.50. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

CEMEX has received a consensus rating of Buy. The company’s average rating score is 2.71, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $7.36, CEMEX has a forecasted downside of 13.9% from its current price of $8.55. CEMEX has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: CEMEX (NYSE:CX)

CEMEX does not currently pay a dividend. CEMEX does not have a long track record of dividend growth.

Insiders buying/selling: CEMEX (NYSE:CX)

In the past three months, CEMEX insiders have not sold or bought any company stock. Only 1.00% of the stock of CEMEX is held by insiders. 38.08% of the stock of CEMEX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of CEMEX (NYSE:CX

Earnings for CEMEX are expected to decrease by -4.05% in the coming year, from $0.74 to $0.71 per share. The P/E ratio of CEMEX is -15.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of CEMEX is -15.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. CEMEX has a PEG Ratio of 0.26. PEG Ratios below 1 indicate that a company could be undervalued. CEMEX has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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