Cemex, S.A.B. de C.V. reports results for the quarter ended September 30 - Earnings Summary

• Cemex, S.A.B. de C.V. reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of six analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 21 cents to 30 cents per share.

• Revenue rose 8.1% to $4.59 billion from a year ago; analysts expected $4.48 billion.

• Cemex, S.A.B. de C.V.'s reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $407.45 million.

• Cemex, S.A.B. de C.V. shares had risen by 7.3% this quarter and lost 11.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 2 "hold" and no "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, S.A.B. de C.V. is $15.00, about 32% above its last closing price of $10.20

This summary was machine generated from LSEG data October 26 at 07:28 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)