Aspen Aerogels, Inc. (NYSE:ASPN) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.16 per share.
For the full year, analysts predict revenues of $ 107.14 million, while looking forward to loss of $ 0.64 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 104.00 million ~ $ 110.00 million, where as bottomline are predicted in a range of $ -0.67 ~ $ -0.55 per share
Click Here For More Historical Outlooks Of Aspen Aerogels, Inc.
Previous Quarter Performance
Aspen Aerogels, Inc. unfold loss for the second quarter of $ 0.21 per share, from the revenue of $ 24.64 million. The quarterly revenues decreased 17.18 percent compared with the same quarter last year. Wall street analysts are predicting, ASPN to report 2Q20 loss of $ 0.20 per share from revenue of $ 23.04 million. The bottom line results missed street analysts by $ 0.01 or 5 percent, at the same time, top line results outshined analysts by $ 1.60 million or 6.94 percent.
Stock Performance
Shares of Aspen Aerogels, Inc. traded low $ -1.17 or -9.96 percent on Wednesday, reaching $ 10.58 with volume of 125.90 thousand shares. Aspen Aerogels, Inc. has traded high as $ 11.68 and has cracked $ 10.55 on the downward trend
According to the previous trading day, closing price of $ 10.58, representing a 187.29 % increase from the 52 week low of $ 4.09 and a 19.69 % decrease over the 52 week high of $ 14.63.
The company has a market capital of $ 284.02 million and is part of the Basic Materials sector and Building Materials industry.
Conference Call
Aspen Aerogels, Inc. will be hosting a conference call at 5:00 PM 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.aerogel.com
Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production. It also offers Spaceloft Grey and Spaceloft A2 for use in the building materials market; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems.
