Abstract

Cementos Pacasmayo SAA will report fiscal second-quarter 2026 results on July 20, 2026 Post Market; this preview consolidates last quarter’s performance, the company’s latest forecast indications, and market commentary to frame the key revenue, margin, net income, and EPS expectations with year-over-year context.

Market Forecast

Based on the company’s latest quarter-to-date indicators and consensus-style projections, Cementos Pacasmayo SAA’s current-quarter revenue is projected at 553.00 million US dollars, with adjusted EPS estimated at 0.11, which implies approximately 309.68% year-over-year growth in EPS; revenue growth is expected to be around 0% year over year, while margin commentary from the company remains limited. The main business is anticipated to hold steady, with cement, concrete, and precast as the core driver, and margins anchored by disciplined pricing and operating cost controls. The most promising contributor remains cement, concrete, and precast, expected to deliver the bulk of revenue near 553.00 million US dollars with broadly flat year-over-year growth.

Last Quarter Review

Cementos Pacasmayo SAA’s prior quarter showed revenue concentration in cement, concrete, and precast and delivered a gross profit margin of 42.18%, GAAP net profit attributable to shareholders of 81.95 million US dollars, a net profit margin of 14.75%, and adjusted EPS of 0.206, up about 40.14% year over year. Quarter on quarter, net profit grew approximately 560.45%, reflecting a sharp rebound in profitability relative to the preceding period. The main business highlights show cement, concrete, and precast contributed 2.06 billion US dollars of revenue with the remainder from building materials and other lines, though year-over-year splits were not disclosed.

Current Quarter Outlook

Main business: Cement, concrete, and precast

The core cement, ready-mix, and precast operations continue to define overall revenue and earnings power this quarter. With revenue guidance effectively flat year over year at 553.00 million US dollars, the operating focus shifts to sustaining gross margin resilience after last quarter’s 42.18% outcome. Price discipline, mix quality, and production efficiency are likely to be decisive for maintaining contribution margins in the face of stable demand. Any incremental improvement in kiln efficiency, input cost optimization, or logistics coordination would support the protection of unit economics. Conversely, a softer sales mix or temporary cost inflation could temporarily pressure the operating spread even if top-line remains unchanged.

Most promising business: Cement-led volume and mix

The largest growth potential remains embedded within cement-led product demand, given its scale, pricing leverage, and tight operational integration across the portfolio. Even with revenue modeled flat year over year, management’s targeted EPS of 0.11 implies year-over-year growth of about 309.68%, pointing to material bottom-line leverage from stable revenue if costs remain contained. This dynamic suggests operating expense control and improved plant cost absorption could be the central driver of earnings sensitivity this quarter. A favorable cement mix relative to ready-mix or smaller categories may further enhance consolidated gross profit per ton, aligning with the margin stability noted last quarter.

Key stock drivers this quarter

Earnings sensitivity this quarter is tied to the interplay between revenue stability and cost execution. If gross margin is sustained near last quarter’s 42.18% level while operating expenses normalize, the forecast EPS of 0.11 appears attainable. Net profit margin previously stood at 14.75%; maintaining or modestly improving this run-rate would corroborate the EPS trajectory despite flat revenue. Investors will also parse any commentary on pricing cadence and demand seasonality to gauge visibility into the second half, as limited top-line growth leaves a larger share of variance to cost, mix, and working capital management.

Analyst Opinions

Market commentary over the past six months shows a majority neutral-to-cautious stance, with more notes emphasizing steady revenue and profit normalization rather than aggressive upside. Commentary highlights point to flat revenue expectations around 553.00 million US dollars and a focus on whether the company can preserve margins after the strong rebound in the prior quarter’s profitability. Analysts generally frame this quarter as a test of cost control and price discipline: sustaining gross profitability while revenue is flat is seen as the decisive factor for EPS delivery. This view aligns with the EPS forecast of 0.11, which, if achieved, would support the notion that operating leverage can lift earnings without requiring immediate top-line expansion.