Unifi, Inc. (NYSE:UFI) is reporting first quarter financial results on Monday 26th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, UFI is expected to report 1Q21 loss of $ 0.33 per share from revenue of $ 126.83 million.
For the full year, analysts anticipate top line of $ 574.07 million, while looking forward to loss of $ 0.34 per share bottom line.
Previous Quarter Performance
Unifi, Inc. revealed loss for the fourth quarter of $ 1.05 per share, from the revenue of $ 86.06 million. Wall street analysts are predicting, UFI to report 4Q20 loss of $ 0.28 per share from revenue of $ 95.20 million. The bottom line results missed street analysts by $ 0.77 or 275 percent, at the same time, top line results fell short of analysts by $ 9.14 million or 9.6 percent.
Stock Performance
On Friday, shares of Unifi, Inc. has traded high as $ 13.37 and has cracked $ 12.64 on the downward trend, reaching $ 13.30 with volume of 59.20 thousand shares.
According to the previous trading day, closing price of $ 13.30, representing a 77.94 % increase from the 52 week low of $ 7.48 and a 52.21 % decrease over the 52 week high of $ 27.85.
The company has a market capital of $ 245.34 million and is part of the Consumer Cyclical sector and Textile Manufacturing industry.
Unifi, Inc., together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
