CECO Environmental Corp. (NASDAQ:CECE) provider of critical solutions to pollution control, is reporting third quarter earnings results on Wednesday 4th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share.
For the full year, analysts predict revenues of $ 323.85 million, while looking forward to income of $ 0.53 per share.
Previous Quarter Performance
CECO Environmental Corp. announced income for the second quarter of $ 0.14 per share, from the revenue of $ 75.17 million. The quarterly earnings improved 75.00 percent while revenues declined 7.40 percent compared with the same quarter last year.
According to street consensus, CECE was expected to report 2Q20 income of $ 0.08 per share from revenue of $ 68.40 million. The bottom line results beat street analysts by $ 0.06 or 75.00 percent, at the same time, top line results outshined analysts by $ 6.77 million or 9.90 percent.
Stock Performance
Shares of CECO Environmental Corp. traded low $ -0.43 or -5.98 percent on Tuesday, reaching $ 6.76 with volume of 183.50 thousand shares. CECO Environmental Corp. has traded high as $ 7.20 and has cracked $ 6.72 on the downward trend
According to the previous trading day, closing price of $ 6.76, representing a 103.68 % increase from the 52 week low of $ 3.53 and a 20.11 % decrease over the 52 week high of $ 9.00.
The company has a market capital of $ 239.94 million and is part of the Industrials sector and Pollution & Treatment Controls industry.
Conference Call
CECO Environmental Corp. will be hosting a conference call at 8:30 AM eastern time on 4th 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.cecoenviro.com
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions.
