Greenhill & Co., Inc. (NYSE:GHL) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, GHL to report 3Q20 loss of $ 0.08 per share.
For the full year, analysts anticipate top line of $ 260.75 million, while looking forward to loss of $ 0.43 per share bottom line.
Previous Quarter Performance
Greenhill & Co., Inc. announced loss for the second quarter of $ 0.79 per share, from the revenue of $ 47.79 million. The quarterly revenues shrunk 14.78 percent compared with the same quarter last year. Wall street analysts are predicting, GHL to report 2Q20 loss of $ 0.31 per share from revenue of $ 53.85 million. The bottom line results missed street analysts by $ 0.48 or 154.84 percent, at the same time, top line results fell short of analysts by $ 6.06 million or 11.25 percent.
Stock Performance
On Friday, shares of Greenhill & Co., Inc. has traded high as $ 13.09 and has cracked $ 12.60 on the downward trend, reaching $ 12.93 with volume of 72.70 thousand shares.
According to the previous trading day, closing price of $ 12.93, representing a 76.92 % increase from the 52 week low of $ 7.28 and a 44.19 % decrease over the 52 week high of $ 23.08.
The company has a market capital of $ 245.20 million and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 9th October 2020, upgraded by Keefe, Bruyette & Woods to Market Perform from Underperform rating.
Conference Call
Greenhill & Co., Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd November 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.greenhill.com
Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transactions life cycle ranging from initial structuring and negotiation to final execution. It also advises clients on strategic matters, including activist response, defensive tactics, special committee projects, licensing deals, and joint ventures; and valuation, negotiation tactics, industry dynamics, structuring alternatives, and timing and pricing of transactions, as well as financing alternatives.
