nVent Electric plc (NYSE:NVT) is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.40 per share.
Looking ahead, the full year income are expected at $ 1.44 per share on the revenues of $ 1975.07 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 464.63 million ~ $ 520.61 million
Full Year 2020 topline are forecasted in a range of$ 2,204.00 million ~ $ 2,314.00 million, where as bottomline are predicted in a range of $ 1.85 ~ $ 1.95 per share
Click Here For More Historical Outlooks Of nVent Electric plc
Previous Quarter Performance
nVent Electric plc unveiled income for the second quarter of $ 0.29 per share, from the revenue of $ 447.20 million. The quarterly earnings dropped 34.09 percent while revenues dropped 17.11 percent compared with the same quarter last year.
Street analysts expected nVent Electric plc to report income of $ 0.24 per share on revenue of $ 436.16 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 20.83 percent, at the same time, top line results outshined analysts by $ 11.04 million or 2.53 percent.
Stock Performance
Shares of nVent Electric plc traded up $ 0.35 or 1.99 percent on Thursday, reaching $ 17.95 with volume of 1.40 million shares. nVent Electric plc has traded high as $ 18.11 and has cracked $ 17.41 on the downward trend
According to the previous trading day, closing price of $ 17.95, representing a 66.98 % increase from the 52 week low of $ 10.54 and a 38.78 % decrease over the 52 week high of $ 28.75.
The company has a market capital of $ 3.05 billion and is part of the Technology sector and Electronic Components industry.
Recent Analyst recommendations
- On 15th September 2020, initiated by Wolfe Research at Peer Perform rating, with $ 24.00 target price.
Conference Call
nVent Electric plc will be hosting a conference call at 9:45 AM eastern time on 30th October 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.nvent.com
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment provides solutions to protect, connect, and manage heat in critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection solutions for broadband voice, data, and video surveillance applications.
