Veritiv Corporation (NYSE:VRTV) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, VRTV to report 3Q20 loss of $ 0.6 per share.
For the full year, analysts anticipate top line of $ 6169.40 million, while looking forward to loss of $ 2.1 per share bottom line.
Previous Quarter Performance
Veritiv Corporation unveiled income for the second quarter of $ 0.88 per share, from the revenue of $ 1,405.00 million. The quarterly revenues shrunk 28.25 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.13 per share from $ 1361.40 million in revenue. The top line results outshined analysts by $ 43.60 million or 3.20 percent.
Stock Performance
Shares of Veritiv Corporation traded up $ 0.26 or 1.66 percent on Wednesday, reaching $ 15.90 with volume of 90.80 thousand shares. Veritiv Corporation has traded high as $ 16.58 and has cracked $ 14.45 on the downward trend
The closing price of $ 15.90, representing a 174.39 % increase from the 52 week low of $ 5.70 and a 36.58 % decrease over the 52 week high of $ 24.66.
The company has a market capital of $ 252.71 million and is part of the Industrials sector and Business Equipment industry.
Conference Call
Veritiv Corporation 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.veritivcorp.com
Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard, custom, and comprehensive packaging solutions.
