Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2491
    -0.0020 (-0.16%)
     

  • Bitcoin GBP

    51,071.07
    -739.43 (-1.43%)
     

  • CMC Crypto 200

    1,332.22
    -64.32 (-4.61%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Ternium (TX) to Report Q3 Earnings: What's in the Cards?

Zacks Equity Research
·4-min read

Ternium S.A. TX is slated to release third-quarter 2022 results ahead of bell on Nov 3.

The Luxembourg-based company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 16.1%. It posted an earnings surprise of roughly 11.2% in the last reported quarter. The impacts of lower steel prices, softer demand and higher costs are likely to reflect on its third-quarter results.

The stock has lost 37.4% in the past year compared with the industry’s 13.8% decline.

 

Zacks Investment Research
Zacks Investment Research


Image Source: Zacks Investment Research



Let’s see how things are shaping up for this announcement.

What do the Estimates Indicate?

The Zacks Consensus Estimate for Ternium’s third-quarter consolidated sales is currently pegged at $4,105 million, which calls for a decline of 10.6% from the year-ago quarter’s tally.

Some Factors at Play

The company’s third-quarter results are likely to have been impacted by weaker steel prices and softer demand. In Mexico, the company is likely to have witnessed healthy demand from industrial customers. However, demand in automotive is likely to have been affected by supply-chain disruptions.

The company is also expected to have witnessed weaker demand in the commercial market. Ternium, in its second-quarter call, said that the commercial market is witnessing lackluster demand due to destocking driven by the significant decline in steel prices over the last few months, inflation and higher interest rates, which are affecting end-use customers.  

Ternium is also expected to have been affected by lower steel prices in the third quarter. Softer prices are likely to have hurt its margins.

Higher costs are also likely to have affected the company’s performance in the September quarter. Ternium is seeing higher costs for many of its raw materials along with increased slab costs.

ADVERTISEMENT

 

Ternium S.A. Price and EPS Surprise

 

Ternium S.A. Price and EPS Surprise
Ternium S.A. Price and EPS Surprise

Ternium S.A. price-eps-surprise | Ternium S.A. Quote

 

Zacks Model

Our proven model does not conclusively predict an earnings beat for Ternium this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: Earnings ESP for Ternium is -18.82%. The Zacks Consensus Estimate for earnings for the third quarter is currently pegged at $1.70. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Ternium currently carries a Zacks Rank #4 (Sell).

Stocks That Warrant a Look

Here are some companies in the basic materials space you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:

Koppers Holdings Inc. KOP, slated to release earnings on Nov 4, has an Earnings ESP of +2.28% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Koppers’ third-quarter earnings has been revised 2.6% upward in the past 60 days. The consensus estimate for KOP’s earnings for the quarter is currently pegged at $1.17.

Brigham Minerals, Inc. MNRL, scheduled to release earnings on Nov 3, has an Earnings ESP of +6.34%.

The Zacks Consensus Estimate for MNRL's earnings for the third quarter is currently pegged at 67 cents. MNRL currently carries a Zacks Rank #3.

Huntsman Corporation HUN, scheduled to release earnings on Nov 4, has an Earnings ESP of +3.59%.

The consensus estimate for Huntsman’s third-quarter earnings is currently pegged at 72 cents. HUN currently carries a Zacks Rank #3.


Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ternium S.A. (TX) : Free Stock Analysis Report
 
Koppers Holdings Inc. (KOP) : Free Stock Analysis Report
 
Huntsman Corporation (HUN) : Free Stock Analysis Report
 
Brigham Minerals, Inc. (MNRL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research