Unique Fabricating, Inc. ($UFAB) 3Q20 Earnings Preview

Unique Fabricating, Inc. (AMEX:UFAB) is expected to report third quarter earnings results, before market open, on Thursday 12th November 2020.

Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.02 per share.

Looking ahead, the full year loss are expected at $ 0.57 per share on the revenues of $ 116.73 million.

Previous Quarter Performance

Unique Fabricating, Inc. unveiled loss for the second quarter of $ 0.44 per share, from the revenue of $ 14.76 million. The quarterly revenues fell 61.71 percent compared with the same quarter last year. Wall street analysts are predicting, UFAB to report 2Q20 loss of $ 0.06 per share from revenue of $ 32.00 million. The top line results fell short of analysts by $ 17.24 million or 53.88 percent.

Stock Performance

Shares of Unique Fabricating, Inc. traded up $ 0.17 or 4.61 percent on Wednesday, reaching $ 3.77 with volume of 30.80 thousand shares. Unique Fabricating, Inc. has traded high as $ 3.79 and has cracked $ 3.60 on the downward trend

The closing price of $ 3.77, representing a 150.00 % increase from the 52 week low of $ 1.44 and a 25 % decrease over the 52 week high of $ 4.80.

The company has a market capital of $ 36.83 million and is part of the Consumer Cyclical sector and Auto Parts industry.

Conference Call

Unique Fabricating, Inc. will be hosting a conference call at 9:00 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 877-407-9500 Toll Free, (United States) or 862-298-0850 Toll Number, with passcode : 38306 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.uniquefab.com

Unique Fabricating, Inc. engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.

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