PBF Energy Inc. (NYSE:PBF) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PBF to report 3Q20 loss of $ 2.54 per share.
For the full year, analysts anticipate top line of $ 15823.30 million, while looking forward to loss of $ 8.93 per share bottom line.
Previous Quarter Performance
PBF Energy Inc. unveiled loss for the second quarter of $ 3.19 per share, from the revenue of $ 2,516.00 million. The quarterly revenues reduced 61.65 percent compared with the same quarter last year. Wall street analysts are predicting, PBF to report 2Q20 loss of $ 2.98 per share from revenue of $ 3276.26 million. The bottom line results missed street analysts by $ 0.21 or 7.05 percent, at the same time, top line results fell short of analysts by $ 760.26 million or 23.21 percent.
Stock Performance
Shares of PBF Energy Inc. traded low $ -0.41 or -8.76 percent on Wednesday, reaching $ 4.27 with volume of 9.02 million shares. PBF Energy Inc. has traded high as $ 4.55 and has cracked $ 4.24 on the downward trend
According to the previous trading day, closing price of $ 4.27, representing a 10.38 % increase from the 52 week low of $ 4.24 and a 86.59 % decrease over the 52 week high of $ 34.91.
The company has a market capital of $ 513.03 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Conference Call
PBF Energy Inc. will be hosting a conference call at 8:30 AM eastern time on 29th 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.pbfenergy.com
PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.
