Pampa Energia S.A. (NYSE:PAM) is set to announce third quarter earning results on Wednesday 11th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PAM to report 3Q20 loss of $ 0.08 per share.
For the full year, analysts anticipate top line of $ 2403.27 million, while looking forward to income of $ 2.25 per share bottom line.
Previous Quarter Performance
Pampa Energia S.A. outlined income for the second quarter of $ 0.06 per share, from the revenue of $ 450.00 million. The quarterly earnings contracted 98.89 percent while revenues down 44.31 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.87 per share from $ 512.50 million in revenue. The bottom line results beat street analysts by $ 0.93 or 106.90 percent, at the same time, top line results fell short of analysts by $ 62.5 million or 12.2 percent.
Stock Performance
Shares of Pampa Energia S.A. traded up $ 0.11 or 0.84 percent on Tuesday, reaching $ 13.14 with volume of 137.00 thousand shares. Pampa Energia S.A. has traded high as $ 13.71 and has cracked $ 13.04 on the downward trend
The closing price of $ 13.14, representing a 49.43 % increase from the 52 week low of $ 8.72 and a 24.99 % decrease over the 52 week high of $ 17.37.
The company has a market capital of $ 1.51 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Pampa Energía S.A., an integrated electricity company, engages in the generation, transmission, and distribution of electricity in Argentina. It operates through Electricity Generation, Electricity Distribution, Oil and Gas, Refining and Distribution, Petrochemicals, and Holding and Other Business segments. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
