Plantronics, Inc. (NYSE:PLT) manufacturer of lightweight handsets, is reporting second quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.48 per share.
For the full year, analysts predict revenues of $ 1506.19 million, while looking forward to income of $ 1.92 per share.
The Company Outlook
Earnings for 2Q21 are anticipated in a range of $ 0.25 ~ $ 0.65 per share, while revenues are expected in a range of $ 350.00 million ~ $ 390.00 million
Click Here For More Historical Outlooks Of Plantronics, Inc.
Previous Quarter Performance
Plantronics, Inc. revealed income for the first quarter of $ 0.33 per share, from the revenue of $ 360.80 million. The quarterly earnings fell 75.00 percent while revenues down 26.44 percent compared with the same quarter last year. The top line results outshined analysts by $ 5.83 million or 1.64 percent.
Stock Performance
Shares of Plantronics, Inc. traded low $ -1.37 or -7.54 percent on Wednesday, reaching $ 16.81 with volume of 945.30 thousand shares. Plantronics, Inc. has traded high as $ 18.00 and has cracked $ 16.50 on the downward trend
According to the previous trading day, closing price of $ 16.81, representing a 295.22 % increase from the 52 week low of $ 4.60 and a 57.16 % decrease over the 52 week high of $ 42.44.
The company has a market capital of $ 684.90 million and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 15th September 2020, upgraded by JPMorgan Chase & Co. to Neutral from Underweight rating.
Conference Call
Plantronics, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.poly.com/in/en
Plantronics, Inc. designs, manufactures, and markets various integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide. Its principal product categories include enterprise headsets, which comprise corded and cordless communication headsets; consumer headsets, such as Bluetooth and corded products for mobile device applications, personal computer, and gaming; voice, video, and content sharing solutions that include Open SIP desktop and conference room phones, and video endpoints designed to work with a range of unified communication and collaboration, unified communication as a service, and video as a service environments, including RealPresence collaboration solutions of infrastructure to endpoints that allows people to connect and collaborate; and support services.
