Grupo Simec Forecasts $0.40 EPS on $570.5M Revenue, Q1 Sales Up 3%
Analysts forecast $0.40 per share earnings on $570.5 million revenue in the upcoming quarter for Grupo Simec, which posted first-quarter net sales growth of 3% to Ps.8.03 billion driven by an 11% rise in finished steel shipments. The company holds near-zero debt and a 5.49 current ratio.
1. Upcoming Earnings Forecast
Analysts project earnings per share of $0.40 on revenue of $570.5 million for the quarter ending June, with results to be released after market close on May 6, 2026.
2. Q1 Sales Performance and Shipments
First-quarter net sales rose 3% to Ps.8.03 billion, driven by an 11% increase in finished steel product shipments, which reached 530,000 tons.
3. Regional Sales Mix
Domestic sales in Mexico climbed 8% to Ps.4.31 billion, while international sales declined 2%, reflecting uneven demand trends across key markets.
4. Financial Health and Valuation
Shares fell 8.8% to $28.01 on April 29 and now trade above an estimated fair value of $27.40, supported by near-zero debt and a strong 5.49 current ratio.