BRF S.A. (NYSE:BRFS) is reporting third quarter earnings results on Monday 9th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.05 per share.
For the full year, analysts predict revenues of $ 7083.69 million, while looking forward to income of $ 0.20 per share.
Previous Quarter Performance
BRF S.A. disclosed income for the second quarter of $ 0.07 per share, from the revenue of $ 1,696.00 million. The quarterly earnings 16.67 percent while revenues decreased 20.27 percent compared with the same quarter last year.
According to street consensus, BRFS was expected to report 2Q20 income of $ 0.09 per share from revenue of $ 1941.79 million. The bottom line results missed street analysts by $ 0.02 or 22.22 percent, at the same time, top line results fell short of analysts by $ 245.79 million or 12.66 percent.
Stock Performance
On Friday, shares of BRF S.A. has traded high as $ 3.35 and has cracked $ 3.19 on the downward trend, reaching $ 3.35 with volume of 2.20 million shares.
According to the previous trading day, closing price of $ 3.35, representing a 42.73 % increase from the 52 week low of $ 2.27 and a 64.24 % decrease over the 52 week high of $ 9.06.
The company has a market capital of $ 2.59 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
BRF S.A. focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.
