Covanta Holding Corporation (NYSE:CVA) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CVA is expected to report 3Q20 loss of $ 0.02 per share from revenue of $ 465.70 million.
For the full year, analysts anticipate top line of $ 1874.43 million, while looking forward to loss of $ 0.37 per share bottom line.
Previous Quarter Performance
Covanta Holding Corporation revealed loss for the second quarter of $ 0.10 per share, from the revenue of $ 454.00 million. The quarterly revenues declined 2.78 percent compared with the same quarter last year. According to street consensus, CVA was expected to report 2Q20 loss of $ 0.19 per share from revenue of $ 450.69 million. The bottom line results beat street analysts by $ 0.09 or 47.37 percent, at the same time, top line results outshined analysts by $ 3.31 million or 0.73 percent.
Stock Performance
Shares of Covanta Holding Corporation traded low $ -0.14 or -1.80 percent on Wednesday, reaching $ 7.62 with volume of 890.50 thousand shares. Covanta Holding Corporation has traded high as $ 7.66 and has cracked $ 7.50 on the downward trend
According to the previous trading day, closing price of $ 7.62, representing a 18.11 % increase from the 52 week low of $ 6.57 and a 51.89 % decrease over the 52 week high of $ 16.13.
The company has a market capital of $ 1.01 billion and is part of the Industrials sector and Waste Management industry.
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses. The company disposes waste and generates electricity and/or steam; sells metal recovered during the energy-from-waste (EfW) process; and offers waste management solutions, such as site clean-up, wastewater treatment, pharmaceutical and healthcare solutions, transportation and logistics, recycling, and depackaging.
