Arcos Dorados Holdings Inc. (NYSE:ARCO) is expected to report third quarter earnings results, before market open, on Wednesday 11th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.17 per share.
Looking ahead, the full year loss are expected at $ 0.79 per share on the revenues of $ 1906.93 million.
Previous Quarter Performance
Arcos Dorados Holdings Inc. unveiled loss for the second quarter of $ 0.44 per share, from the revenue of $ 292.52 million. The quarterly revenues decreased 59.43 percent compared with the same quarter last year. According to street consensus, ARCO was expected to report 2Q20 loss of $ 0.37 per share from revenue of $ 248.33 million. The bottom line results missed street analysts by $ 0.07 or 18.92 percent, at the same time, top line results outshined analysts by $ 44.19 million or 17.79 percent.
Stock Performance
Shares of Arcos Dorados Holdings Inc. traded up $ 0.03 or 0.65 percent on Tuesday, reaching $ 4.68 with volume of 1.03 million shares. Arcos Dorados Holdings Inc. has traded high as $ 4.76 and has cracked $ 4.56 on the downward trend
The closing price of $ 4.68, representing a 57.09 % increase from the 52 week low of $ 2.96 and a 44.71 % decrease over the 52 week high of $ 8.41.
The company has a market capital of $ 970.00 million and is part of the Consumer Cyclical sector and Restaurants industry.
Conference Call
Arcos Dorados Holdings Inc. will be hosting a conference call at 10:00 AM eastern time on 11th 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.arcosdorados.com
Arcos Dorados Holdings Inc. operates as a franchisee of McDonalds restaurants. It has the exclusive right to own, operate, and grant franchises of McDonalds restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.
