New Fortress Energy LLC (NASDAQ:NFE) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.12 per share from $ 145.17 million in revenue.
For the full year, analysts predict revenues of $ 499.03 million, while looking forward to loss of $ 0.33 per share.
Previous Quarter Performance
New Fortress Energy LLC reported loss for the second quarter of $ 0.24 per share, from the revenue of $ 94.57 million. The quarterly revenues extended 105.41 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.30 per share from $ 130.56 million in revenue. The bottom line results beat street analysts by $ 0.06 or 20.00 percent, at the same time, top line results fell short of analysts by $ 35.99 million or 27.57 percent.
Stock Performance
Shares of New Fortress Energy LLC traded low $ -4.63 or -9.42 percent on Wednesday, reaching $ 44.53 with volume of 871.00 thousand shares. New Fortress Energy LLC has traded high as $ 47.14 and has cracked $ 43.50 on the downward trend
According to the previous trading day, closing price of $ 44.53, representing a 601.28 % increase from the 52 week low of $ 7.01 and a 10.49 % decrease over the 52 week high of $ 54.92.
The company has a market capital of $ 7.67 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Conference Call
New Fortress Energy LLC will be hosting a conference call at 8:00 AM eastern time on 29th 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.newfortressenergy.com
New Fortress Energy LLC operates as an energy infrastructure company worldwide. It funds, builds, and operates natural gas infrastructure and logistics to deliver fully integrated turnkey energy solutions that enable economic growth, enhance environmental stewardship, and transform local industries and communities. The company was founded in 1998 and is based in New York, New York.
