Icahn Enterprises L.P. (NASDAQ:IEP) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, IEP to report 3Q20 loss of $ 0.18 per share from revenue of $ 3571.00 million.
For the full year, analysts anticipate top line of $ 8678.00 million, while looking forward to loss of $ 5.65 per share bottom line.
Previous Quarter Performance
Icahn Enterprises L.P. reported income for the second quarter of $ 1.36 per share, from the revenue of $ 2,700.00 million. The quarterly revenues escalated 22.95 percent compared with the same quarter last year. Wall street analysts are predicting, IEP to report 2Q20 loss of $ 0.45 per share from revenue of $ 2401.00 million. The bottom line results beat street analysts by $ 1.81 or 402.22 percent, at the same time, top line results outshined analysts by $ 299.00 million or 12.45 percent.
Stock Performance
Shares of Icahn Enterprises L.P. traded up $ 1.70 or 3.33 percent on Thursday, reaching $ 52.71 with volume of 81.70 thousand shares. Icahn Enterprises L.P. has traded high as $ 52.79 and has cracked $ 51.40 on the downward trend
According to the previous trading day, closing price of $ 52.71, representing a 50.03 % increase from the 52 week low of $ 34.00 and a 26.18 % decrease over the 52 week high of $ 69.10.
The company has a market capital of $ 11.74 billion and is part of the Industrials sector and Conglomerates industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 2.00 per share to holders of record as of the close of business on August 21, 2020, with payment date of September 29, 2020 and ex-dividend date on August 20, 2020.
Conference Call
Icahn Enterprises L.P. will be hosting a conference call at 10:00 AM eastern time on 6th 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.ielp.com
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The companys Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.
