Corporacion America Airports SA (NYSE:CAAP) is reporting third quarter financial results on Wednesday 18th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CAAP is expected to report 3Q20 loss of $ 0.51 per share from revenue of $ 86.96 million.
For the full year, analysts anticipate top line of $ 544.24 million, while looking forward to loss of $ 1.3 per share bottom line.
Previous Quarter Performance
Corporacion America Airports SA communicated loss for the second quarter of $ 0.35 per share, from the revenue of $ 81.70 million. The quarterly revenues fell 80.41 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.08 per share from $ 105.20 million in revenue. The bottom line results missed street analysts by $ 0.27 or 337.5 percent, at the same time, top line results fell short of analysts by $ 23.5 million or 22.34 percent.
Stock Performance
Shares of Corporacion America Airports SA traded up $ 0.23 or 7.99 percent on Tuesday, reaching $ 3.11 with volume of 266.70 thousand shares. Corporacion America Airports SA has traded high as $ 3.11 and has cracked $ 2.85 on the downward trend
According to the previous trading day, closing price of $ 3.11, representing a 78.88 % increase from the 52 week low of $ 1.61 and a 55.69 % decrease over the 52 week high of $ 6.50.
The company has a market capital of $ 497.67 million and is part of the Industrials sector and Airports & Air Services industry.
Corporación América Airports S.A. acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia.
