Commercial Vehicle Group, Inc. (NASDAQ:CVGI) is set to announce third quarter earning results on Monday 9th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CVGI to report 3Q20 loss of $ 0.07 per share.
For the full year, analysts anticipate top line of $ 635.92 million, while looking forward to loss of $ 0.43 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 158.62 million ~ $ 171.31 million
Click Here For More Historical Outlooks Of Commercial Vehicle Group, Inc.
Previous Quarter Performance
Commercial Vehicle Group, Inc. reported loss for the second quarter of $ 0.24 per share, from the revenue of $ 126.90 million. The quarterly revenues dropped 47.82 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.41 per share from $ 124.73 million in revenue. The bottom line results beat street analysts by $ 0.17 or 41.46 percent, at the same time, top line results outshined analysts by $ 2.17 million or 1.74 percent.
Stock Performance
On Friday, shares of Commercial Vehicle Group, Inc. has traded high as $ 6.73 and has cracked $ 6.29 on the downward trend, reaching $ 6.70 with volume of 166.50 thousand shares.
According to the previous trading day, closing price of $ 6.70, representing a 435.48 % increase from the 52 week low of $ 1.24 and a 13.88 % decrease over the 52 week high of $ 7.71.
The company has a market capital of $ 218.72 million and is part of the Consumer Cyclical sector and Auto Parts industry.
Conference Call
Commercial Vehicle Group, Inc. will be hosting a conference call at 10:00 AM 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 cvgrp.com
Commercial Vehicle Group, Inc., together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.
