SP Plus Corporation (NASDAQ:SP) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SP is expected to report 3Q20 loss of $ 0.34 per share from revenue of $ 124.73 million.
For the full year, analysts anticipate top line of $ 583.78 million, while looking forward to loss of $ 0.67 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.95 ~ $ 3.05 per share
Click Here For More Historical Outlooks Of SP Plus Corporation
Previous Quarter Performance
SP Plus Corporation outlined loss for the second quarter of $ 0.86 per share, from the revenue of $ 93.00 million. The quarterly revenues dropped 60.44 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.01 per share from $ 143.31 million in revenue. The top line results fell short of analysts by $ 50.31 million or 35.11 percent.
Stock Performance
Shares of SP Plus Corporation traded low $ -0.34 or -1.71 percent on Wednesday, reaching $ 19.51 with volume of 214.40 thousand shares. SP Plus Corporation has traded high as $ 20.04 and has cracked $ 19.09 on the downward trend
The closing price of $ 19.51, representing a 37.47 % increase from the 52 week low of $ 14.44 and a 57.45 % decrease over the 52 week high of $ 46.65.
The company has a market capital of $ 450.42 million and is part of the Industrials sector and Business Services industry.
Conference Call
SP Plus Corporation will be hosting a conference call at 5:00 PM eastern time on 5th 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.spplus.com
SP Plus Corporation provides parking management, ground transportation, baggage, and other ancillary services to commercial, hospitality, institutional, municipal and governmental, and aviation clients in the United States, Canada, and Puerto Rico. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, baggage handling, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services. The company also offers shuttle bus services; ground transportation services, such as taxi and livery dispatch, concierge-type ground transportation information, and support services for arriving passengers; remote airline check-in services; wheelchair assist services; baggage repair and replacement services; on-street parking meter collection and other forms of parking enforcement services; valet services; and remote parking management services.
