MRC Global Inc. (NYSE:MRC) is reporting third quarter earnings results on Wednesday 28th 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 $ 2502.77 million, while looking forward to loss of $ 0.39 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,200.00 million ~ $ 3,700.00 million, where as bottomline are predicted in a range of $ 0.19 ~ $ 0.56 per share
Click Here For More Historical Outlooks Of MRC Global Inc.
Previous Quarter Performance
MRC Global Inc. communicated loss for the second quarter of $ 0.10 per share, from the revenue of $ 602.00 million. The quarterly revenues shrunk 38.82 percent compared with the same quarter last year. Wall street analysts are predicting, MRC to report 2Q20 loss of $ 0.25 per share from revenue of $ 597.12 million. The bottom line results beat street analysts by $ 0.15 or 60.00 percent, at the same time, top line results outshined analysts by $ 4.88 million or 0.82 percent.
Stock Performance
Shares of MRC Global Inc. traded low $ -0.26 or -5.83 percent on Tuesday, reaching $ 4.20 with volume of 395.00 thousand shares. MRC Global Inc. has traded high as $ 4.43 and has cracked $ 4.18 on the downward trend
According to the previous trading day, closing price of $ 4.20, representing a 34.74 % increase from the 52 week low of $ 3.31 and a 71.17 % decrease over the 52 week high of $ 15.47.
The company has a market capital of $ 344.68 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.
