Dana Incorporated (NYSE:DAN) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, DAN is expected to report 3Q20 income of $ 0.23 per share from revenue of $ 1758.81 million.
For the full year, analysts anticipate top line of $ 6564.33 million, while looking forward to income of $ 0.35 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,250.00 million ~ $ 8,750.00 million, where as bottomline are predicted in a range of $ 2.65 ~ $ 3.15 per share
Click Here For More Historical Outlooks Of Dana Incorporated
Previous Quarter Performance
Dana Incorporated reported loss for the second quarter of $ 0.69 per share, from the revenue of $ 1,078.00 million. The quarterly revenues shrunk 53.25 percent compared with the same quarter last year. According to street consensus, DAN was expected to report 2Q20 loss of $ 0.81 per share from revenue of $ 1044.46 million. The bottom line results beat street analysts by $ 0.12 or 14.81 percent, at the same time, top line results outshined analysts by $ 33.54 million or 3.21 percent.
Stock Performance
Shares of Dana Incorporated traded low $ -0.52 or -3.43 percent on Tuesday, reaching $ 14.65 with volume of 1.34 million shares. Dana Incorporated has traded high as $ 15.39 and has cracked $ 14.65 on the downward trend
According to the previous trading day, closing price of $ 14.65, representing a 259.48 % increase from the 52 week low of $ 4.22 and a 21.03 % decrease over the 52 week high of $ 19.21.
The company has a market capital of $ 2.12 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Recent Analyst recommendations
- On 8th October 2020, upgraded by RBC Capital to Outperform from Sector Perform rating.
Conference Call
Dana Incorporated 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.dana.com
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies. The Light Vehicle Driveline Technologies segment offers front drive steer rigid axles, rear drive rigid axles, driveshafts/propshafts, front/rear drive units, AWD systems, power transfer units, electromechanical propulsion systems, EV gearboxes, and differentials for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars.
