Cemex (NYSE:CX) is set to give its latest quarterly earnings report on Thursday, 2022-02-10. Here's what investors need to know before the announcement.
Analysts estimate that Cemex will likely report an Earnings Per Share (EPS) of $0.19.
Cemex bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company missed EPS by $0.23, which was followed by a 2.58% drop in the share price the next day.
Here's a look at Cemex's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.19 | 0.18 | 0.05 | 0.04 |
| EPS Actual | -0.04 | 0.18 | 0.42 | 0.06 |
| Price Change % | -2.58% | -4.91% | -2.23% | 0.15% |
Stock Performance
Shares of Cemex were trading at $5.88 as of February 08. Over the last 52-week period, shares are down 11.39%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
