Arconic Inc. (NYSE:ARNC) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, ARNC is expected to report 3Q20 income of $ 0.14 per share from revenue of $ 1389.21 million.
For the full year, analysts anticipate top line of $ 5761.08 million, while looking forward to income of $ 0.49 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 13,900.00 million ~ $ 14,200.00 million, where as bottomline are predicted in a range of $ 2.22 ~ $ 2.42 per share
Click Here For More Historical Outlooks Of Arconic Inc.
Previous Quarter Performance
Arconic Inc. unwinded loss for the second quarter of $ 0.84 per share, from the revenue of $ 1,187.00 million. According to street consensus, loss of $ 0.16 was expected per share. The bottom line results missed street analysts by $ 0.68 or 425 percent.
Stock Performance
Shares of Arconic Inc. traded low $ -0.51 or -2.12 percent on Wednesday, reaching $ 23.54 with volume of 823.20 thousand shares. Arconic Inc. has traded high as $ 23.74 and has cracked $ 21.22 on the downward trend
The closing price of $ 23.54, representing a 314.66 % increase from the 52 week low of $ 5.80 and a 2.71 % decrease over the 52 week high of $ 24.72.
The company has a market capital of $ 2.57 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 14th September 2020, initiated by Deutsche Bank at Buy rating, with $ 32.00 target price.
Conference Call
Arconic Inc. will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.arconic.com
Arconic Inc. engineers, manufactures, and sells lightweight metals worldwide. The company operate in three segments: Engineered Products and Solutions, Global Rolled Products, and Transportation and Construction Solutions.
