Resolute Forest Products Inc. (NYSE:RFP) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, RFP to report 3Q20 income of $ 0.77 per share.
For the full year, analysts anticipate top line of $ 2832.96 million, while looking forward to income of $ 0.72 per share bottom line.
Previous Quarter Performance
Resolute Forest Products Inc. announced loss for the second quarter of $ 0.25 per share, from the revenue of $ 612.00 million. Wall street analysts are predicting, RFP to report 2Q20 loss of $ 0.30 per share from revenue of $ 628.00 million. The bottom line results beat street analysts by $ 0.05 or 16.67 percent, at the same time, top line results fell short of analysts by $ 16 million or 2.55 percent.
Stock Performance
Shares of Resolute Forest Products Inc. traded low $ -0.09 or -1.81 percent on Wednesday, reaching $ 4.88 with volume of 280.30 thousand shares. Resolute Forest Products Inc. has traded high as $ 4.95 and has cracked $ 4.74 on the downward trend
The closing price of $ 4.88, representing a 335.96 % increase from the 52 week low of $ 1.14 and a 7.79 % decrease over the 52 week high of $ 5.39.
The company has a market capital of $ 420.06 million and is part of the Basic Materials sector and Paper & Paper Products industry.
Conference Call
Resolute Forest Products Inc. will be hosting a conference call at 7:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.resolutefp.com
Resolute Forest Products Inc. operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers.
