Meritor, Inc. (NYSE:MTOR) is set to announce fourth quarter earning results on Thursday 12th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MTOR to report 4Q20 income of $ 0.03 per share.
For the full year, analysts anticipate top line of $ 3004.85 million, while looking forward to income of $ 0.97 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ -0.10 ~ $ -0.10 per share, while revenues are expected in a range of $ 700.00 million ~ $ 700.00 million
Full Year 2020 topline are forecasted in a range of$ 3,700.00 million ~ $ 3,700.00 million, where as bottomline are predicted in a range of $ 2.75 ~ $ 2.75 per share
Click Here For More Historical Outlooks Of Meritor, Inc.
Previous Quarter Performance
Meritor, Inc. unfold loss for the third quarter of $ 0.47 per share, from the revenue of $ 514.00 million. The quarterly revenues contracted 55.92 percent compared with the same quarter last year. According to street consensus, MTOR was expected to report 3Q20 loss of $ 0.51 per share from revenue of $ 461.30 million. The bottom line results beat street analysts by $ 0.04 or 7.84 percent, at the same time, top line results outshined analysts by $ 52.70 million or 11.42 percent.
Stock Performance
Shares of Meritor, Inc. traded low $ -0.50 or -1.76 percent on Wednesday, reaching $ 27.98 with volume of 424.30 thousand shares. Meritor, Inc. has traded high as $ 28.40 and has cracked $ 27.34 on the downward trend
The closing price of $ 27.98, representing a 161.04 % increase from the 52 week low of $ 10.91 and a 1.32 % decrease over the 52 week high of $ 28.86.
The company has a market capital of $ 2.02 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Conference Call
Meritor, Inc. will be hosting a conference call at 9:00 AM eastern time on 12th November 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.meritor.com
Meritor, Inc. designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck; and Aftermarket, Industrial and Trailer.
