Forterra, Inc. (NASDAQ:FRTA) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FRTA to report 3Q20 income of $ 0.48 per share.
For the full year, analysts anticipate top line of $ 1595.41 million, while looking forward to income of $ 0.78 per share bottom line.
Previous Quarter Performance
Forterra, Inc. came out with income for the second quarter of $ 0.40 per share, from the revenue of $ 426.19 million. The quarterly earnings improved 700.00 percent while revenues gained 0.54 percent compared with the same quarter last year.
According to street consensus, FRTA was expected to report 2Q20 income of $ 0.20 per share from revenue of $ 402.37 million. The bottom line results beat street analysts by $ 0.2 or 100.00 percent, at the same time, top line results outshined analysts by $ 23.82 million or 5.92 percent.
Stock Performance
Shares of Forterra, Inc. traded up $ 0.18 or 1.22 percent on Tuesday, reaching $ 14.89 with volume of 196.00 thousand shares. Forterra, Inc. has traded high as $ 15.35 and has cracked $ 14.70 on the downward trend
According to the previous trading day, closing price of $ 14.89, representing a 326.38 % increase from the 52 week low of $ 3.45 and a 16.33 % decrease over the 52 week high of $ 17.58.
The company has a market capital of $ 974.49 million and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 19th October 2020, initiated by Bank of America at Buy rating, with $ 19.00 target price.
- On 24th September 2020, initiated by Deutsche Bank at Buy rating, with $ 18.00 target price.
- On 21st September 2020, upgraded by RBC Capital to Outperform from Sector Perform rating, with $ 17.00 target price.
Forterra, Inc. manufactures and sells pipe and precast products the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments.
