FMC Corporation (NYSE:FMC) is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.11 per share.
Looking ahead, the full year income are expected at $ 6.48 per share on the revenues of $ 4738.91 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.03 ~ $ 1.17 per share, while revenues are expected in a range of $ 1,045.00 million ~ $ 1,105.00 million
Full Year 2020 topline are forecasted in a range of$ 4,680.00 million ~ $ 4,820.00 million, where as bottomline are predicted in a range of $ 6.28 ~ $ 6.62 per share
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Previous Quarter Performance
FMC Corporation unfold income for the second quarter of $ 1.72 per share, from the revenue of $ 1,155.00 million. The quarterly earnings 3.61 percent while revenues contracted 4.24 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.66 per share from $ 1206.18 million in revenue. The bottom line results beat street analysts by $ 0.06 or 3.61 percent, at the same time, top line results fell short of analysts by $ 51.18 million or 4.24 percent.
Stock Performance
On Friday, shares of FMC Corporation has traded high as $ 103.69 and has cracked $ 100.86 on the downward trend, reaching $ 102.74 with volume of 900.90 thousand shares.
According to the previous trading day, closing price of $ 102.74, representing a 82.54 % increase from the 52 week low of $ 56.77 and a 8.88 % decrease over the 52 week high of $ 113.73.
The company has a market capital of $ 13.31 billion and is part of the Basic Materials sector and Agricultural Inputs industry.
Recent Analyst recommendations
- On 17th September 2020, initiated by UBS Group at Buy rating, with $ 127.00 target price.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.
