Amrize Misses on Q3 EPS and Revenue, Extending Four-Quarter Streak of Estimate Misses
AMRZ is trading near its 52-week low of $35.785 (5.2% above the low) on elevated volume (1.8× avg).
Summary
Amrize posted Q3 adjusted EPS of $1.02 versus the $1.04 consensus and revenue of $3.77 billion versus $3.82 billion expected — a miss on both lines. Revenue grew 2.6% year over year, a sharp deceleration from the 8.6% growth reported in Q2, and net income came in at $559 million. This is the fourth straight quarter of missing consensus, and the guidance cut to $12.2B-$12.4B from $12.5B-$12.7B that accompanied the release confirms the slowdown is company-wide, not a one-quarter blip. Analysts had already been cutting: the mean earnings estimate fell about 11.6% over three months and five analysts revised lower in the last 30 days. The stock is down 25% year to date despite a 7.6% gain this quarter, and the $48 median price target sits well above the last close of $40.03 — that gap is now at risk.
At the time of this announcement, AMRZ was trading at $37.64 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $21.9B. The 52-week trading range was $35.79 to $65.94. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.