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Ternium S.A. (TX) Gains As Market Dips: What You Should Know
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In the latest trading session, Ternium S.A. (TX - Free Report) closed at $40.75, marking a +0.87% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.3%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 0.45%.
Coming into today, shares of the company had lost 9.13% in the past month. In that same time, the Basic Materials sector gained 6.93%, while the S&P 500 lost 5.33%.
Ternium S.A. will be looking to display strength as it nears its next earnings release. On that day, Ternium S.A. is projected to report earnings of $2.83 per share, which would represent a year-over-year decline of 7.82%. Our most recent consensus estimate is calling for quarterly revenue of $4.12 billion, up 26.87% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.07 per share and revenue of $15.83 billion. These totals would mark changes of -53.46% and -1.61%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ternium S.A.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 21.09% lower. Ternium S.A. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Ternium S.A. has a Forward P/E ratio of 4.46 right now. For comparison, its industry has an average Forward P/E of 4.46, which means Ternium S.A. is trading at a no noticeable deviation to the group.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Ternium S.A. (TX) Gains As Market Dips: What You Should Know
In the latest trading session, Ternium S.A. (TX - Free Report) closed at $40.75, marking a +0.87% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.3%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 0.45%.
Coming into today, shares of the company had lost 9.13% in the past month. In that same time, the Basic Materials sector gained 6.93%, while the S&P 500 lost 5.33%.
Ternium S.A. will be looking to display strength as it nears its next earnings release. On that day, Ternium S.A. is projected to report earnings of $2.83 per share, which would represent a year-over-year decline of 7.82%. Our most recent consensus estimate is calling for quarterly revenue of $4.12 billion, up 26.87% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.07 per share and revenue of $15.83 billion. These totals would mark changes of -53.46% and -1.61%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ternium S.A.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 21.09% lower. Ternium S.A. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Ternium S.A. has a Forward P/E ratio of 4.46 right now. For comparison, its industry has an average Forward P/E of 4.46, which means Ternium S.A. is trading at a no noticeable deviation to the group.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.