Cabot Corporation (NYSE:CBT) specialty chemicals firm, is expected to report fourth quarter earnings results, after market close, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.54 per share.
Looking ahead, the full year income are expected at $ 1.92 per share on the revenues of $ 2646.23 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.60 ~ $ 3.90 per share
Click Here For More Historical Outlooks Of Cabot Corporation
Previous Quarter Performance
Cabot Corporation disclosed loss for the third quarter of $ 0.07 per share, from the revenue of $ 518.00 million. The quarterly revenues contracted 38.70 percent compared with the same quarter last year. According to street consensus, CBT was expected to report 3Q20 loss of $ 0.02 per share from revenue of $ 549.37 million. The bottom line results missed street analysts by $ 0.05 or 250 percent, at the same time, top line results fell short of analysts by $ 31.37 million or 5.71 percent.
Stock Performance
On Friday, shares of Cabot Corporation has traded high as $ 41.99 and has cracked $ 40.89 on the downward trend, reaching $ 41.22 with volume of 191.90 thousand shares.
According to the previous trading day, closing price of $ 41.22, representing a 106.70 % increase from the 52 week low of $ 20.00 and a 17.63 % decrease over the 52 week high of $ 50.19.
The company has a market capital of $ 2.33 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber. It also provides specialty grades of carbon black used in inks, coatings, plastics, adhesives, toners, batteries, and displays applications; masterbatch and conductive compound products for use in automotive, industrial, packaging, consumer products, and electronics industries; inkjet colorants used in the inkjet printing applications; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; fumed alumina used in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications.
