Cabot Corporation (NYSE:CBT) specialty chemicals firm, is expected to report fourth quarter earnings results, after market close, on Monday 23rd November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.55 per share.
Looking ahead, the full year income are expected at $ 1.95 per share on the revenues of $ 2643.43 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.60 ~ $ 3.90 per share
Click Here For More Historical Outlooks Of Cabot Corporation
Previous Quarter Performance
Cabot Corporation recorded loss for the third quarter of $ 0.07 per share, from the revenue of $ 518.00 million. The quarterly revenues contracted 38.70 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.02 per share from $ 549.37 million in revenue. The bottom line results missed street analysts by $ 0.05 or 250 percent, at the same time, top line results fell short of analysts by $ 31.37 million or 5.71 percent.
Stock Performance
Shares of Cabot Corporation traded up $ 0.14 or 0.34 percent on Friday, reaching $ 41.83 with volume of 250.90 thousand shares. Cabot Corporation has traded high as $ 41.93 and has cracked $ 40.89 on the downward trend
According to the previous trading day, closing price of $ 41.83, representing a 108.45 % increase from the 52 week low of $ 20.00 and a 14.48 % decrease over the 52 week high of $ 48.75.
The company has a market capital of $ 2.36 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber. It also provides specialty grades of carbon black used in inks, coatings, plastics, adhesives, toners, batteries, and displays applications; masterbatch and conductive compound products for use in automotive, industrial, packaging, consumer products, and electronics industries; inkjet colorants used in the inkjet printing applications; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; fumed alumina used in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications.
