PotlatchDeltic Corporation (NASDAQ:PCH) is set to announce third quarter earning results on Monday 26th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PCH to report 3Q20 income of $ 1.13 per share.
For the full year, analysts anticipate top line of $ 990.99 million, while looking forward to income of $ 2.08 per share bottom line.
Previous Quarter Performance
PotlatchDeltic Corporation reported income for the second quarter of $ 0.04 per share, from the revenue of $ 181.56 million. The quarterly earnings fell 84.00 percent compared with the same quarter last year. According to street consensus, PCH was expected to report 2Q20 income of $ 0.02 per share from revenue of $ 175.46 million. The bottom line results beat street analysts by $ 0.02 or 100.00 percent, at the same time, top line results outshined analysts by $ 6.10 million or 3.48 percent.
Stock Performance
On Friday, shares of PotlatchDeltic Corporation has traded high as $ 47.76 and has cracked $ 46.81 on the downward trend, reaching $ 47.52 with volume of 572.10 thousand shares.
According to the previous trading day, closing price of $ 47.52, representing a 110.58 % increase from the 52 week low of $ 22.40 and a 1.99 % decrease over the 52 week high of $ 48.13.
The company has a market capital of $ 3.18 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 1st October 2020, upgraded by Raymond James to Strong Buy from Outperform rating, with $ 51.00 target price.
- On 11th September 2020, downgraded by Bank of America to Neutral from Buy rating.
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 1.9 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest practices, is dedicated to long-term stewardship and sustainable management of its timber resources.
