A History of Outperforming Analyst Forecasts and Beating the Odds: CEMEX S.A.B. de C.V. (CX)

With 9.49 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.93 million shares. During the session, the Building Materials company that operates in wider Basic Materials sector, reached to the highest price of $6.22 whereas the lowest price it dropped to was $6.01. The 52-week range on CX shows that it touched its highest point at $6.85 and its lowest point at $3.20 during that stretch. It currently has a 1-year price target of $7.33. Beta for the stock currently stands at 1.40.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CX was down-trending over the past week, with a drop of -6.94%, but this was up by 6.20% over a month. Three-month performance surged to 25.15% while six-month performance rose 40.23%. The stock gained 41.51% in the past year, while it has gained 52.35% so far this year. A look at the trailing 12-month EPS for CX yields 0.37 with Next year EPS estimates of 0.74. For the next quarter, that number is 0.19. This implies an EPS growth rate of -32.50% for this year and 13.80% for next year. EPS is expected to grow by 13.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -45.10%.

Float and Shares Shorts:

At present, 1.45 billion CX shares are outstanding with a float of 461.45 million shares on hand for trading. On May 14, 2023, short shares totaled 9.43 million, which was 0.65% higher than short shares on Apr 13, 2023. In addition to Mr. Rogelio Zambrano Lozano as the firm’s Exec. Chairman, Mr. Fernando Angel Gonzalez Olivieri serves as its CEO & Non-Independent Director.

Institutional Ownership:

Through their ownership of 29.16% of CX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 17.11% of CX, in contrast to 12.14% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CX with 4.99% of the stake, Baillie Gifford & Co. holds 75,578,623 shares worth 75,578,623. A second-largest stockholder of CX, Fidelity Management & Research Co, holds 39,223,014 shares, controlling over 2.59% of the firm’s shares. Brandes Investment Partners LP is the third largest shareholder in CX, holding 34,964,848 shares or 2.31% stake. With a 2.15% stake in CX, the Fidelity Inv. Trust – Emerging Ma is the largest stakeholder. A total of 32,622,700 shares are owned by the mutual fund manager. The American Funds New World Fund, which owns about 1.26% of CX stock, is the second-largest Mutual Fund holder. It holds 19,153,308 shares valued at 114.92 million. Baillie Gifford Emerging Markets holds 0.51% of the stake in CX, owning 7,708,115 shares worth 46.25 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CX reported revenue of $4.08B and operating income of $436.38M. The EBITDA in the recently reported quarter was $517.09M and diluted EPS was $0.18.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CX analysts setting a high price target of $9.50 and a low target of $4.70, the average target price over the next 12 months is $7.37. Based on these targets, CX could surge 53.97% to reach the target high and fall by -23.82% to reach the target low. Reaching the average price target will result in a growth of 19.45% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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