Street Expectation From Central Puerto S.A. ($CEPU) 2Q20 Earnings?

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Central Puerto S.A. (NYSE:CEPU) is reporting second quarter financial results on Wednesday 26th August 2020, after market close.

According to analysts surveyed by Thomson Reuters, CEPU is expected to report 2Q20 income of $ 0.15 per share from revenue of $ 172.75 million.

For the full year, analysts anticipate top line of $ 654.35 million, while looking forward to income of $ 0.61 per share bottom line.

Previous Quarter Performance

Central Puerto S.A. unfold income for the first quarter of $ 0.01 per share, from the revenue of $ 130.33 million. Street analysts expected Central Puerto S.A. to report income of $ 0.93 per share on revenue of $ 235.94 million for the first quarter. The bottom line results missed street analysts by $ 0.92 or 98.92 percent, at the same time, top line results fell short of analysts by $ 105.61 million or 44.76 percent.

Stock Performance

Shares of Central Puerto S.A. traded high $ 0.01 or 0.37 percent on Tuesday, reaching $ 2.43 with volume of 95.80 thousand shares. The stock opened positive for the day at $ 2.44, after closing the previous day trading at $ 2.42.

According to the previous trading day, closing price of $ 2.42, representing a 30.11 % increase from the 52 week low of $ 1.86 and a 56 % decrease over the 52 week high of $ 5.50.

The company has a market capital of $ 650.64 million and is part of the Utilities sector and Utilities – Regulated Electric industry.

Central Puerto S.A. generates and sells electric power to private and public customers in Argentina. It also produces steam.