IEC Electronics Corp. (AMEX:IEC) is reporting fourth quarter financial results on Friday 20th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, IEC is expected to report 4Q20 revenue of $ 47.44 million.
For the full year, analysts anticipate top line of $ 183.70 million, while looking forward to income of $ 0.71 per share bottom line.
Previous Quarter Performance
IEC Electronics Corp. posted income for the third quarter of $ 0.20 per share, from the revenue of $ 47.36 million. The quarterly earnings gained 81.82 percent compared with the same quarter last year. The consensus estimates are income of $ 0.17 per share from $ 45.16 million in revenue. The bottom line results beat street analysts by $ 0.03 or 17.65 percent, at the same time, top line results outshined analysts by $ 2.20 million or 4.87 percent.
Stock Performance
Shares of IEC Electronics Corp. traded up $ 0.02 or 0.20 percent on Thursday, reaching $ 10.05 with volume of 69.70 thousand shares. IEC Electronics Corp. has traded high as $ 10.17 and has cracked $ 9.92 on the downward trend
According to the previous trading day, closing price of $ 10.05, representing a 100.60 % increase from the 52 week low of $ 5.00 and a 3.09 % decrease over the 52 week high of $ 10.35.
The company has a market capital of $ 106.06 million and is part of the Technology sector and Contract Manufacturers industry.
Conference Call
IEC Electronics Corp. will be hosting a conference call at 10:00 AM eastern time on 20th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (877) 407-9210 or (201) 689-8049 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.iec-electronics.com
IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States. It specializes in delivering technical solutions for the custom manufacturing, product configuration, and verification testing of engineered complex products that require a level of manufacturing. The company manufactures a range of assemblies that are incorporated into various products, such as aerospace and defense systems, medical devices, industrial equipment, and transportation products.
