Clarus Corporation (NASDAQ:CLAR) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CLAR is expected to report 3Q20 income of $ 0.21 per share from revenue of $ 63.57 million.
For the full year, analysts anticipate top line of $ 211.51 million, while looking forward to income of $ 0.56 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 244.00 million ~ $ 244.00 million
Click Here For More Historical Outlooks Of Clarus Corporation
Previous Quarter Performance
Clarus Corporation unwinded loss for the second quarter of $ 0.04 per share, from the revenue of $ 30.01 million. The quarterly revenues declined 36.14 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.07 per share from $ 34.09 million in revenue. The bottom line results beat street analysts by $ 0.03 or 42.86 percent, at the same time, top line results fell short of analysts by $ 4.08 million or 11.97 percent.
Stock Performance
On Friday, shares of Clarus Corporation has traded high as $ 17.09 and has cracked $ 16.80 on the downward trend, reaching $ 16.93 with volume of 175.10 thousand shares.
According to the previous trading day, closing price of $ 16.93, representing a 114.12 % increase from the 52 week low of $ 7.86 and a 5.18 % decrease over the 52 week high of $ 17.75.
The company has a market capital of $ 525.26 million and is part of the Consumer Cyclical sector and Leisure industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.025 per share on October 19, 2020. The dividend were payable on November 20, 2020 to holders of record as of the close of business on November 9, 2020 and ex-dividend date on November 6, 2020.
On July 31, 2020, the board of directors authorized quarterly dividend of $ 0.025 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 21, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Clarus Corporation will be hosting a conference call at 5:00 PM eastern time on 9th 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.claruscorp.com
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories. It operates in two segments, Black Diamond and Sierra.
