Santander Consumer USA Holdings Inc. (NYSE:SC) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, SC is expected to report 3Q20 income of $ 0.52 per share from revenue of $ 1955.10 million.
For the full year, analysts anticipate top line of $ 7924.39 million, while looking forward to income of $ 0.37 per share bottom line.
Previous Quarter Performance
Santander Consumer USA Holdings Inc. reported loss for the second quarter of $ 0.30 per share, from the revenue of $ 1,977.00 million. The quarterly revenues increased 1.45 percent compared with the same quarter last year. Street analysts expected Santander Consumer USA Holdings Inc. to report income of $ 0.06 per share on revenue of $ 1972.68 million for the second quarter. The top line results outshined analysts by $ 4.32 million or 0.22 percent.
Stock Performance
Shares of Santander Consumer USA Holdings Inc. traded up $ 0.12 or 0.58 percent on Tuesday, reaching $ 20.93 with volume of 700.50 thousand shares. Santander Consumer USA Holdings Inc. has traded high as $ 21.08 and has cracked $ 20.56 on the downward trend
According to the previous trading day, closing price of $ 20.93, representing a 113.66 % increase from the 52 week low of $ 9.74 and a 23.52 % decrease over the 52 week high of $ 27.21.
The company has a market capital of $ 6.41 billion and is part of the Financial Services sector and Specialty Finance industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 20.00 target price.
Conference Call
Santander Consumer USA Holdings Inc. will be hosting a conference call at 9:00 AM eastern time on 28th October 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.santanderconsumerusa.com
Santander Consumer USA Holdings Inc., a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit. The company also offers financial products and services related to recreational and marine vehicles; originates vehicle loans through a Web-based direct lending program; purchases vehicle retail installment contracts from other lenders; and services automobile, and recreational and marine vehicle portfolios for other lenders.
