The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CEMEX met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP loss per share contracted.
Gross margins grew, operating margins dropped, net margins grew.
CEMEX recorded revenue of $3.71 billion. The 11 analysts polled by S&P Capital IQ expected sales of $3.72 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.43. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.09 per share. GAAP EPS were -$0.15 for Q4 compared to -$0.49 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.6%, 390 basis points better than the prior-year quarter. Operating margin was 1.5%, 390 basis points worse than the prior-year quarter. Net margin was -13.2%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.56 billion. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $16.03 billion. The average EPS estimate is -$0.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 3,764 members out of 3,922 rating the stock outperform, and 158 members rating it underperform. Among 1,138 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,109 give CEMEX a green thumbs-up, and 29 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CEMEX is outperform, with an average price target of $10.01.
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