Renewable Energy Group, Inc. (NASDAQ:REGI) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, REGI to report 3Q20 income of $ 0.76 per share.
For the full year, analysts anticipate top line of $ 2107.35 million, while looking forward to income of $ 3.33 per share bottom line.
Previous Quarter Performance
Renewable Energy Group, Inc. announced income for the second quarter of $ 0.02 per share, from the revenue of $ 545.96 million. The quarterly revenues declined 2.62 percent compared with the same quarter last year. Wall street analysts are predicting, REGI to report 2Q20 loss of $ 0.27 per share from revenue of $ 508.20 million. The bottom line results beat street analysts by $ 0.29 or 107.41 percent, at the same time, top line results outshined analysts by $ 37.76 million or 7.43 percent.
Stock Performance
Shares of Renewable Energy Group, Inc. traded low $ -3.09 or -5.65 percent on Wednesday, reaching $ 51.64 with volume of 1.61 million shares. Renewable Energy Group, Inc. has traded high as $ 53.63 and has cracked $ 48.63 on the downward trend
The closing price of $ 51.64, representing a 241.00 % increase from the 52 week low of $ 16.05 and a 16.63 % decrease over the 52 week high of $ 65.65.
The company has a market capital of $ 2.03 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 72.00 target price.
- On 12th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 74.00 target price.
- On 28th September 2020, maintained by BWS Financial at Buy rating, with $ 75.00 target price.
Conference Call
Renewable Energy Group, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th 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.regi.com
Renewable Energy Group, Inc. produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels.
