Analysts and investors are usually very focused on company earnings numbers when they are released. Company earnings are a good way to evaluate the profitability of the company. Presently, covering analysts are anticipating Ternium S.A. (NYSE:TX) to report quarterly EPS of $0.93. The company’s next earnings report is expected to be released on or around 2016-11-01 for the period ending on 2016-09-30.
Company earnings results have the capability of triggering near-term stock movements whether results hit or miss expectations. Prior to earnings, investors may be tracking directional trends of provided estimates. The company reported actual earnings per share for the previous quarter of $0.78. The Zacks Research consensus estimate before the earnings report was $0.74. The difference between the estimate and actual was $0.04 which created a surprise factor of 5.41%.
4 analysts polled by Zacks Research currently have a mean target price of $23.375 on shares. The analyst with the highest target price sees the stock hitting $27 and the lowest target estimate sees the stock touching $21.5 within the year. Zacks Research also uses an analyst ratings scale that ranges from 1 to 5. Using this scale, a 1 would represent a Strong Buy, and a 5 rating would indicate a Strong Sell rating. Using all the ratings on Ternium S.A. (NYSE:TX), the mean sits at 2.33.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.
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