U S Concrete, Inc. (NASDAQ:USCR) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, USCR is expected to report 3Q20 income of $ 0.85 per share from revenue of $ 386.24 million.
For the full year, analysts anticipate top line of $ 1399.33 million, while looking forward to income of $ 1.46 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,500.00 million ~ $ 1,600.00 million
Click Here For More Historical Outlooks Of U S Concrete, Inc.
Previous Quarter Performance
U S Concrete, Inc. unwinded income for the second quarter of $ 0.49 per share, from the revenue of $ 322.70 million. The quarterly earnings increased 113.04 percent while revenues contracted 20.69 percent compared with the same quarter last year.
According to street consensus, USCR was expected to report 2Q20 loss of $ 0.21 per share from revenue of $ 320.87 million. The bottom line results beat street analysts by $ 0.7 or 333.33 percent, at the same time, top line results outshined analysts by $ 1.83 million or 0.57 percent.
Stock Performance
Shares of U S Concrete, Inc. traded low $ -2.66 or -8.05 percent on Wednesday, reaching $ 30.40 with volume of 384.00 thousand shares. U S Concrete, Inc. has traded high as $ 32.33 and has cracked $ 30.32 on the downward trend
According to the previous trading day, closing price of $ 30.40, representing a 389.78 % increase from the 52 week low of $ 6.75 and a 39.97 % decrease over the 52 week high of $ 55.07.
The company has a market capital of $ 506.82 million and is part of the Basic Materials sector and Building Materials industry.
Conference Call
U S Concrete, Inc. will be hosting a conference call at 10:00 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.us-concrete.com
U.S. Concrete, Inc., through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada.
