Earnings Outlook For Ternium
Portfolio Pulse from Benzinga Insights
Ternium (NYSE:TX) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $1.01. The company's past earnings performance shows a mix of misses and beats, with the last quarter missing EPS estimates by $0.18, leading to a 2.96% drop in share price. Over the last year, Ternium's shares have decreased by 6.71%, indicating potential concern among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
February 19, 2024 | 4:01 pm
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NEUTRAL IMPACT
Ternium is expected to report an EPS of $1.01 for the upcoming quarter. Historical performance shows significant price movements post-earnings announcements, with a notable 2.96% drop after the last quarter's miss. Shares have declined 6.71% over the past year, indicating potential investor concern.
Given Ternium's history of price movements following earnings reports, the upcoming announcement could lead to short-term volatility. However, the score is neutral due to mixed historical performance and the uncertainty surrounding the actual results and guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100