Ebix, Inc. (NASDAQ:EBIX) is reporting third quarter financial results on Monday 9th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, EBIX is expected to report 3Q20 income of $ 0.80 per share from revenue of $ 119.18 million.
For the full year, analysts anticipate top line of $ 496.77 million, while looking forward to income of $ 3.31 per share bottom line.
Previous Quarter Performance
Ebix, Inc. unfold income for the second quarter of $ 0.88 per share, from the revenue of $ 111.31 million. The quarterly earnings shrunk 6.38 percent while revenues decreased 22.85 percent compared with the same quarter last year.
According to street consensus, EBIX was expected to report 2Q20 income of $ 0.38 per share from revenue of $ 110.95 million. The bottom line results beat street analysts by $ 0.5 or 131.58 percent, at the same time, top line results outshined analysts by $ 0.36 million or 0.32 percent.
Stock Performance
On Friday, shares of Ebix, Inc. has traded high as $ 19.75 and has cracked $ 18.95 on the downward trend, reaching $ 19.42 with volume of 234.20 thousand shares.
According to the previous trading day, closing price of $ 19.42, representing a 123.20 % increase from the 52 week low of $ 8.75 and a 54.17 % decrease over the 52 week high of $ 42.61.
The company has a market capital of $ 600.32 million and is part of the Technology sector and Software – Application industry.
Conference Call
Ebix, Inc. will be hosting a conference call at 11:00 AM eastern time on 9th 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.ebix.com
Ebix, Inc. provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies.
