Ternium SA (TX) stock declines as the market gains: what you need to know

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TErnium SA (TX) closed at $ 43.21 on the last trading session, marking a movement of -0.16% from the previous day. This move fell behind the S&P 500’s 0.3% daily gain.

Prior to today, the company’s shares had lost 15.58% in the past month, behind the 2.71% loss in the basic materials sector and the 2.37% loss in the S&P 500 over the past month. this period.

Wall Street will look for positivity in TX as the date of its next earnings report approaches. That is expected to be November 2, 2021. In this report, analysts expect TX to post earnings of $ 4.62 per share. That would mark year-over-year growth of 657.38%. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 4.1 billion, up 91.84% from the previous year.

For the full year, our Zacks consensus estimates project earnings of $ 16.93 per share and revenue of $ 15.54 billion, which would represent changes of + 460.6% and + 77.91%. , respectively, compared to the previous year.

Any recent changes in analysts’ estimates for TX should also be noted by investors. These revisions help show the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.

Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since. 1988. The Zacks Consensus The EPS estimate has remained stagnant over the past month. TX currently holds a Zacks # 1 rank (strong buy).

Looking at its valuation, TX holds a forward P / E ratio of 2.56. For comparison, his industry has an average forward P / E of 4.27, which means TX is trading at a discount to the group.

Also, we have to mention that TX has a PEG ratio of 0.14. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the expected profit growth rate of the company. Steel – Producers held an average PEG ratio of 0.18 at yesterday’s closing price.

The Steel – Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 30, which places it in the top 12% of all 250+ industries.

The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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