Terex Corporation (NYSE:TEX) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TEX to report 3Q20 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 3005.37 million, while looking forward to loss of $ 0.43 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,900.00 million ~ $ 3,900.00 million, where as bottomline are predicted in a range of $ 1.85 ~ $ 2.35 per share
Click Here For More Historical Outlooks Of Terex Corporation
Previous Quarter Performance
Terex Corporation communicated loss for the second quarter of $ 0.05 per share, from the revenue of $ 690.50 million. The quarterly revenues declined 47.17 percent compared with the same quarter last year. Street analysts expected Terex Corporation to report loss of $ 0.60 per share on revenue of $ 631.48 million for the second quarter. The bottom line results beat street analysts by $ 0.55 or 91.67 percent, at the same time, top line results outshined analysts by $ 59.02 million or 9.35 percent.
Stock Performance
Shares of Terex Corporation traded low $ -0.01 or -0.04 percent on Friday, reaching $ 26.81 with volume of 533.80 thousand shares. Terex Corporation has traded high as $ 27.44 and has cracked $ 26.45 on the downward trend
According to the previous trading day, closing price of $ 26.81, representing a 132.41 % increase from the 52 week low of $ 11.54 and a 14.26 % decrease over the 52 week high of $ 31.28.
The company has a market capital of $ 1.86 billion and is part of the Industrials sector and Farm & Construction Equipment industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 22.00 target price.
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
