Northern Technologies International Corporation (NASDAQ:NTIC) is set to announce fourth quarter earning results on Thursday 12th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NTIC to report 4Q20 loss of $ 0.05 per share.
For the full year, analysts anticipate top line of $ 48.10 million, while looking forward to loss of $ 0.01 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 62.00 million ~ $ 66.00 million, where as bottomline are predicted in a range of $ 0.60 ~ $ 0.80 per share
Click Here For More Historical Outlooks Of Northern Technologies International Corporation
Previous Quarter Performance
Northern Technologies International Corporation announced loss for the third quarter of $ 0.11 per share, from the revenue of $ 9.74 million. The quarterly revenues decreased 34.59 percent compared with the same quarter last year. According to street consensus, NTIC was expected to report 3Q20 loss of $ 0.06 per share from revenue of $ 10.30 million. The bottom line results missed street analysts by $ 0.05 or 83.33 percent, at the same time, top line results fell short of analysts by $ 0.56 million or 5.44 percent.
Stock Performance
Shares of Northern Technologies International Corporation traded up $ 0.73 or 8.14 percent on Wednesday, reaching $ 9.70 with volume of 25.00 thousand shares. Northern Technologies International Corporation has traded high as $ 10.00 and has cracked $ 9.13 on the downward trend
The closing price of $ 9.70, representing a 90.85 % increase from the 52 week low of $ 4.70 and a 39.72 % decrease over the 52 week high of $ 14.88.
The company has a market capital of $ 88.27 million and is part of the Basic Materials sector and Specialty Chemicals industry.
Conference Call
Northern Technologies International Corporation will be hosting a conference call at 9:00 AM eastern time on 12th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (877) 670-9776 U.S., with passcode : 4094075 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.ntic.com
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand. The company also provides a portfolio of biobased and certified compostable polymer resin compounds and finished products under the Natur-Tec brand.
