Tenaris S.A. (NYSE:TS) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.16 per share.
Looking ahead, the full year loss are expected at $ 0.37 per share on the revenues of $ 4923.88 million.
Previous Quarter Performance
Tenaris S.A. communicated loss for the second quarter of $ 0.08 per share, from the revenue of $ 1,241.00 million. Street analysts expected Tenaris S.A. to report loss of $ 0.06 per share on revenue of $ 1160.00 million for the second quarter. The bottom line results missed street analysts by $ 0.02 or 33.33 percent, at the same time, top line results outshined analysts by $ 81.00 million or 6.98 percent.
Stock Performance
Shares of Tenaris S.A. traded up $ 0.26 or 2.58 percent on Tuesday, reaching $ 10.32 with volume of 1.89 million shares. Tenaris S.A. has traded high as $ 10.34 and has cracked $ 10.15 on the downward trend
According to the previous trading day, closing price of $ 10.32, representing a 13.54 % increase from the 52 week low of $ 8.86 and a 57.26 % decrease over the 52 week high of $ 23.54.
The company has a market capital of $ 6.03 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Piper Sandler at Neutral rating, with $ 13.50 target price.
- On 16th September 2020, initiated by Scotiabank at Sector Outperform rating, with $ 16.00 target price.
- On 15th September 2020, maintained by Bank of America at Neutral rating, with $ 14.40 target price.
Tenaris S.A., through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices. It also provides offshore line pipe products, including top tensioned and steel catenary risers, export lines and flowlines, bends, corrosion resistant alloys, coiled line pipes, umbilical tubings, and coated pipes; and seamless and welded tubes for onshore line pipe; various seamless steel tubes and pipes for refineries, petrochemical, and gas-processing plants; and tubular products for the power generation industry.
