Party City Holdco Inc. (NYSE:PRTY) is set to announce third quarter earning results on Monday 9th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PRTY to report 3Q20 loss of $ 0.32 per share.
For the full year, analysts anticipate top line of $ 1822.92 million, while looking forward to loss of $ 0.89 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.50 ~ $ 0.68 per share
Click Here For More Historical Outlooks Of Party City Holdco Inc.
Previous Quarter Performance
Party City Holdco Inc. unveiled loss for the second quarter of $ 0.66 per share, from the revenue of $ 254.69 million. The quarterly revenues contracted 54.83 percent compared with the same quarter last year. Wall street analysts are predicting, PRTY to report 2Q20 loss of $ 0.56 per share from revenue of $ 225.67 million. The bottom line results missed street analysts by $ 0.1 or 17.86 percent, at the same time, top line results outshined analysts by $ 29.02 million or 12.86 percent.
Stock Performance
On Friday, shares of Party City Holdco Inc. has traded high as $ 2.40 and has cracked $ 2.21 on the downward trend, reaching $ 2.34 with volume of 4.38 million shares.
According to the previous trading day, closing price of $ 2.34, representing a 803.85 % increase from the 52 week low of $ 0.26 and a 35.79 % decrease over the 52 week high of $ 3.66.
The company has a market capital of $ 258.74 million and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
Party City Holdco Inc. will be hosting a conference call at 8:00 AM eastern time on 9th 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.partycity.com
Party City Holdco Inc., through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery.
