Arco Platform Limited (NASDAQ:ARCE) is expected to report third quarter earnings results, after market close, on Monday 30th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.10 per share from revenue of $ 43.85 million.
Looking ahead, the full year income are expected at $ 0.58 per share on the revenues of $ 190.64 million.
Previous Quarter Performance
Arco Platform Limited outlined income for the second quarter of $ 0.19 per share, from the revenue of $ 43.76 million. The quarterly earnings 20.83 percent while revenues extended 32.21 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.14 per share from $ 37.53 million in revenue. The bottom line results beat street analysts by $ 0.05 or 35.71 percent, at the same time, top line results outshined analysts by $ 6.23 million or 16.60 percent.
Stock Performance
Shares of Arco Platform Limited traded up $ 0.60 or 1.44 percent on Friday, reaching $ 42.40 with volume of 120.50 thousand shares. Arco Platform Limited has traded high as $ 43.58 and has cracked $ 41.61 on the downward trend
According to the previous trading day, closing price of $ 42.40, representing a 43.69 % increase from the 52 week low of $ 29.09 and a 29.74 % decrease over the 52 week high of $ 59.49.
The company has a market capital of $ 2.44 billion and is part of the Technology sector and Software – Application industry.
Conference Call
Arco Platform Limited will be hosting a conference call at 4:30 PM eastern time on 30th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1 (412) 717-9627 Toll Free in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.arcoeducacao.com.br
Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The companys curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform. As of March 31, 2019, it had a network consisted of 1,462 partner schools and 498,553 enrolled students.
