IHS Markit Ltd. (NASDAQ:INFO) is reporting third quarter financial results on Tuesday 29th September 2020, before market open.
According to analysts surveyed by Thomson Reuters, INFO is expected to report 3Q20 income of $ 0.69 per share from revenue of $ 1071.16 million.
For the full year, analysts anticipate top line of $ 4291.98 million, while looking forward to income of $ 2.77 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,280.00 million ~ $ 4,300.00 million, where as bottomline are predicted in a range of $ 2.76 ~ $ 2.78 per share
Click Here For More Historical Outlooks Of IHS Markit Ltd.
Previous Quarter Performance
IHS Markit Ltd. announced income for the second quarter of $ 0.18 per share, from the revenue of $ 1,027.00 million, On adjusted basis, INFO reported income for the quarter of $ 0.69 per share. The quarterly earnings contracted 51.35 percent while revenues declined 9.56 percent compared with the same quarter last year. Wall street analysts are predicting, INFO to report 2Q20 income of $ 0.67 per share from revenue of $ 1055.98 million. The bottom line results beat street analysts by $ 0.02 or 2.99 percent, at the same time, top line results fell short of analysts by $ 28.98 million or 2.74 percent.
Stock Performance
Shares of IHS Markit Ltd. traded up $ 2.28 or 2.93 percent on Monday, reaching $ 80.06 with volume of 2.92 million shares. IHS Markit Ltd. has traded high as $ 80.64 and has cracked $ 78.99 on the downward trend
According to the previous trading day, closing price of $ 80.06, representing a 73.58 % increase from the 52 week low of $ 44.81 and a 7.81 % decrease over the 52 week high of $ 84.37.
The company has a market capital of $ 31.77 billion and is part of the Industrials sector and Business Services industry.
Recent Stock Dividend Announcement
On July 14, 2020, the board of directors authorized 3Q20 dividend of $ 0.17 per share to holders of record as of the close of business on July 31, 2020, with payment date of August 14, 2020 and ex-dividend date on July 30, 2020.
Conference Call
IHS Markit Ltd. will be hosting a conference call at 8:00 AM eastern time on 29th September 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.ihsmarkit.com
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The companys information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
