Kraton Corporation (NYSE:KRA) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, KRA to report 3Q20 loss of $ 0.04 per share from revenue of $ 347.21 million.
For the full year, analysts anticipate top line of $ 1468.66 million, while looking forward to income of $ 0.51 per share bottom line.
Previous Quarter Performance
Kraton Corporation unwinded income for the second quarter of $ 0.30 per share, from the revenue of $ 355.68 million. The quarterly earnings contracted 81.01 percent while revenues fell 34.05 percent compared with the same quarter last year.
According to street consensus, KRA was expected to report 2Q20 income of $ 0.05 per share from revenue of $ 354.71 million. The bottom line results beat street analysts by $ 0.25 or 500.00 percent, at the same time, top line results outshined analysts by $ 0.97 million or 0.27 percent.
Stock Performance
Shares of Kraton Corporation traded low $ -0.11 or -0.40 percent on Tuesday, reaching $ 27.42 with volume of 217.90 thousand shares. Kraton Corporation has traded high as $ 27.69 and has cracked $ 26.51 on the downward trend
According to the previous trading day, closing price of $ 27.42, representing a 518.65 % increase from the 52 week low of $ 4.45 and a 12.44 % decrease over the 52 week high of $ 31.44.
The company has a market capital of $ 873.68 million and is part of the Basic Materials sector and Specialty Chemicals industry.
Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.
