In the newest buying and selling session, Ternium S.A. (TX) closed at $32.89, marking a +0.46% transfer from the day before today. This transfer outpaced the S&P 500’s every day lack of 1.31%.
Coming into as we speak, shares of the corporate had misplaced 15.34% up to now month. In that very same time, the Fundamental Supplies sector misplaced 9.06%, whereas the S&P 500 gained 1.56%.
Wall Avenue shall be searching for positivity from TX because it approaches its subsequent earnings report date. The corporate is predicted to report EPS of $3.42, up 3320% from the prior-year quarter. In the meantime, our newest consensus estimate is looking for income of $3.61 billion, up 107.01% from the prior-year quarter.
Wanting on the full yr, our Zacks Consensus Estimates counsel analysts predict earnings of $11.82 per share and income of $13.84 billion. These totals would mark modifications of +291.39% and +58.43%, respectively, from final yr.
Any latest modifications to analyst estimates for TX also needs to be famous by buyers. Current revisions are inclined to mirror the newest near-term enterprise developments. Consequently, we are able to interpret constructive estimate revisions as signal for the corporate’s enterprise outlook.
Based mostly on our analysis, we consider these estimate revisions are instantly associated to near-team inventory strikes. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications under consideration and delivers a transparent, actionable ranking mannequin.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited observe report of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. TX is presently sporting a Zacks Rank of #1 (Robust Purchase).
Traders also needs to word TX’s present valuation metrics, together with its Ahead P/E ratio of two.77. Its trade sports activities a mean Ahead P/E of 6.41, so we one may conclude that TX is buying and selling at a reduction comparatively.
Traders also needs to word that TX has a PEG ratio of 0.21 proper now. This common metric is just like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes under consideration the corporate’s anticipated earnings progress charge. Metal – Producers shares are, on common, holding a PEG ratio of 0.38 primarily based on yesterday’s closing costs.
The Metal – Producers trade is a part of the Fundamental Supplies sector. This group has a Zacks Trade Rank of 20, placing it within the prime 8% of all 250+ industries.
The Zacks Trade Rank gauges the power of our particular person trade teams by measuring the typical Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll want to comply with all of those stock-moving metrics, and plenty of extra, on Zacks.com.
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Ternium S.A. (TX): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.