News , Stock, Video Latest October 14, 2021 12:53 pm
This story originally appeared on Zacks
Ternium S.A. (TX) closed at $43.21 inside a latest trading session, marking a -0.16% move from a prior day. This move lagged a S&P 500’s daily gain of 0.3%.
Heading into today, shares of a company had lost 15.58% over a past month, lagging a Basic Materials sector’s loss of 2.71% also a S&P 500’s loss of 2.37% inside that time.
Wall Street will become looking for positivity from TX as it approaches its next earnings report date. This is expected to become November 2, 2021. inside that report, analysts expect TX to post earnings of $4.62 per share. This would mark year-over-year growth of 657.38%. Meanwhile, a Zacks Consensus Estimate for revenue is projecting net sales of $4.1 billion, up 91.84% from a year-ago period.
For a full year, our Zacks Consensus Estimates are projecting earnings of $16.93 per share also revenue of $15.54 billion, which would represent changes of +460.6% also +77.91%, respectively, from a prior year.
Any recent changes to analyst estimates for TX should also become noted by investors. These revisions help to show a ever-changing nature of near-term business trends. As a result, our can interpret positive estimate revisions as a awesome sign for a company’s business outlook.
Based on our research, our believe these estimate revisions are directly related to near-team stock moves. our developed a Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account also delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), a Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. a Zacks Consensus EPS estimate remained stagnant within a past month. TX is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, TX is holding a Forward P/E ratio of 2.56. For comparison, its industry has an average Forward P/E of 4.27, which means TX is trading at a discount to a group.
Also, our should mention that TX has a PEG ratio of 0.14. a PEG ratio is similar to a widely-used P/E ratio, but this metric also takes a company’s expected earnings growth rate into account. a Steel – Producers was holding an average PEG ratio of 0.18 at yesterday’s closing price.
a Steel – Producers industry is part of a Basic Materials sector. This group has a Zacks Industry Rank of 30, putting it inside a top 12% of all 250+ industries.
a Zacks Industry Rank gauges a strength of our individual industry groups by measuring a average Zacks Rank of a individual stocks within a groups. Our research shows that a top 50% rated industries outperform a bottom half by a factor of 2 to 1.
youre can find more information on all of these metrics, also much more, on Zacks.com.
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