Jerash Holdings (US), Inc. (NASDAQ:JRSH) is set to announce second quarter earning results on Thursday 12th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, JRSH to report 2Q21 income of $ 0.15 per share from revenue of $ 25.20 million.
For the full year, analysts anticipate top line of $ 82.42 million, while looking forward to income of $ 0.36 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 25.00 million ~ $ 25.00 million
Click Here For More Historical Outlooks Of Jerash Holdings (US), Inc.
Previous Quarter Performance
Jerash Holdings (US), Inc. recorded income for the first quarter of $ 0.07 per share, from the revenue of $ 18.71 million. The quarterly earnings shrunk 77.42 percent compared with the same quarter last year. The consensus estimates are income of $ 0.10 per share from $ 25.50 million in revenue. The bottom line results missed street analysts by $ 0.03 or 30 percent, at the same time, top line results fell short of analysts by $ 6.79 million or 26.63 percent.
Stock Performance
Shares of Jerash Holdings (US), Inc. traded up $ 0.22 or 4.41 percent on Wednesday, reaching $ 5.21 with volume of 19.40 thousand shares. Jerash Holdings (US), Inc. has traded high as $ 5.39 and has cracked $ 5.06 on the downward trend
The closing price of $ 5.21, representing a 38.61 % increase from the 52 week low of $ 3.60 and a 30.21 % decrease over the 52 week high of $ 7.15.
The company has a market capital of $ 59.00 million and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on August 17, 2020, with payment date of August 24, 2020 and ex-dividend date on August 14, 2020.
Conference Call
Jerash Holdings (US), Inc. will be hosting a conference call at 9:00 AM eastern time on 12th November 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, +1-201-689-8049 Toll Free, (United States), when prompted, enter passcode 38475 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.jerashholdings.com
Jerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.
