Chart Industries, Inc. (NASDAQ:GTLS) is reporting third quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, GTLS is expected to report 3Q20 income of $ 0.62 per share from revenue of $ 301.38 million.
For the full year, analysts anticipate top line of $ 1240.62 million, while looking forward to income of $ 2.53 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,200.00 million ~ $ 1,200.00 million, where as bottomline are predicted in a range of $ 2.25 ~ $ 2.25 per share
Click Here For More Historical Outlooks Of Chart Industries, Inc.
Previous Quarter Performance
Chart Industries, Inc. posted income for the second quarter of $ 0.63 per share, from the revenue of $ 310.40 million. The quarterly earnings fell 7.35 percent while revenues grew 0.26 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.39 per share from $ 290.60 million in revenue. The bottom line results beat street analysts by $ 0.24 or 61.54 percent, at the same time, top line results outshined analysts by $ 19.80 million or 6.81 percent.
Stock Performance
Shares of Chart Industries, Inc. traded low $ -1.58 or -1.85 percent on Wednesday, reaching $ 83.95 with volume of 598.10 thousand shares. The stock opened down for the day at $ 85.21, after closing the previous day trading at $ 85.53.
According to the previous trading day, closing price of $ 85.53, representing a 470.20 % increase from the 52 week low of $ 15.00 and a 0.81 % decrease over the 52 week high of $ 86.23.
The company has a market capital of $ 3.02 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 80.00 target price.
- On 8th October 2020, maintained by Raymond James at Outperform rating, with $ 81.00 target price.
- On 14th September 2020, initiated by Bank of America at Buy rating, with $ 86.00 target price.
- On 26th August 2020, maintained by Morgan Stanley at Overweight rating, with $ 75.00 target price.
Conference Call
Chart Industries, Inc. will be hosting a conference call at 9:30 AM eastern time on 22nd October 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.chartindustries.com
Chart Industries, Inc. manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
