LCI Industries (NYSE:LCII) is set to announce third quarter earning results on Monday 2nd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, LCII to report 3Q20 income of $ 2.42 per share.
For the full year, analysts anticipate top line of $ 2712.05 million, while looking forward to income of $ 5.83 per share bottom line.
Previous Quarter Performance
LCI Industries unwinded income for the second quarter of $ 0.54 per share, from the revenue of $ 525.76 million. The quarterly earnings reduced 71.43 percent while revenues down 18.32 percent compared with the same quarter last year.
Wall street analysts are predicting, LCII to report 2Q20 loss of $ 0.16 per share from revenue of $ 421.45 million. The bottom line results beat street analysts by $ 0.7 or 437.50 percent, at the same time, top line results outshined analysts by $ 104.31 million or 24.75 percent.
Stock Performance
On Friday, shares of LCI Industries has traded high as $ 111.76 and has cracked $ 108.22 on the downward trend, reaching $ 109.66 with volume of 161.30 thousand shares.
According to the previous trading day, closing price of $ 109.66, representing a 102.66 % increase from the 52 week low of $ 55.29 and a 14.93 % decrease over the 52 week high of $ 131.71.
The company has a market capital of $ 2.76 billion and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Conference Call
LCI Industries will be hosting a conference call at 8:30 AM eastern time on 2nd 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.lci1.com
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
