Brookfield Business Partners L.P. (NYSE:BBU) is reporting third quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, BBU is expected to report 3Q20 income of $ 0.92 per share from revenue of $ 11194.00 million.
For the full year, analysts anticipate top line of $ 39913.00 million, while looking forward to income of $ 0.92 per share bottom line.
Previous Quarter Performance
Brookfield Business Partners L.P. reported income for the second quarter of $ 1.15 per share, from the revenue of $ 7,370.00 million. The quarterly earnings elevated 40.24 percent while revenues declined 31.23 percent compared with the same quarter last year.
Street analysts expected Brookfield Business Partners L.P. to report income of $ 0.85 per share on revenue of $ 10183.80 million for the second quarter. The bottom line results beat street analysts by $ 0.3 or 35.29 percent, at the same time, top line results fell short of analysts by $ 2 million or 27.63 percent.
Stock Performance
Shares of Brookfield Business Partners L.P. traded up $ 1.60 or 5.50 percent on Monday, reaching $ 30.69 with volume of 28.50 thousand shares. Brookfield Business Partners L.P. has traded high as $ 31.49 and has cracked $ 29.56 on the downward trend
The closing price of $ 30.69, representing a 56.40 % increase from the 52 week low of $ 18.60 and a 37.95 % decrease over the 52 week high of $ 46.88.
The company has a market capital of $ 2.48 billion and is part of the Industrials sector and Conglomerates industry.
Recent Analyst recommendations
- On 25th September 2020, maintained by Scotiabank at Sector Outperform rating, with $ 40.00 target price.
Recent Stock Dividend Announcement
On August 7, 2020, the board of directors authorized quarterly dividend of $ 0.0625 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 30, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Brookfield Business Partners L.P. will be hosting a conference call at 11:00 AM eastern time on 3rd 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 bbu.brookfield.com
Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector.
