Clearwater Paper Corporation (NYSE:CLW) is set to announce third quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CLW to report 3Q20 income of $ 1.38 per share.
For the full year, analysts anticipate top line of $ 1865.21 million, while looking forward to income of $ 4.65 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,797.00 million ~ $ 1,814.00 million
Click Here For More Historical Outlooks Of Clearwater Paper Corporation
Previous Quarter Performance
Clearwater Paper Corporation unfold income for the second quarter of $ 1.67 per share, from the revenue of $ 480.50 million. The quarterly revenues improved 8.67 percent compared with the same quarter last year. According to street consensus, CLW was expected to report 2Q20 income of $ 1.44 per share from revenue of $ 477.27 million. The bottom line results beat street analysts by $ 0.23 or 15.97 percent, at the same time, top line results outshined analysts by $ 3.23 million or 0.68 percent.
Stock Performance
Shares of Clearwater Paper Corporation traded up $ 1.67 or 4.50 percent on Monday, reaching $ 38.82 with volume of 115.50 thousand shares. Clearwater Paper Corporation has traded high as $ 38.99 and has cracked $ 37.35 on the downward trend
The closing price of $ 38.82, representing a 212.71 % increase from the 52 week low of $ 11.88 and a 12.49 % decrease over the 52 week high of $ 42.45.
The company has a market capital of $ 643.32 million and is part of the Basic Materials sector and Paper & Paper Products industry.
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
