Generac Holdlings Inc. (NYSE:GNRC) is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.66 per share.
For the full year, analysts predict revenues of $ 2401.31 million, while looking forward to income of $ 5.83 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,314.20 million ~ $ 2,380.32 million
Click Here For More Historical Outlooks Of Generac Holdlings Inc.
Previous Quarter Performance
Generac Holdlings Inc. communicated income for the second quarter of $ 1.40 per share, from the revenue of $ 546.85 million. The quarterly earnings developed 16.67 percent while revenues swell 0.91 percent compared with the same quarter last year.
Wall street analysts are predicting, GNRC to report 2Q20 income of $ 0.89 per share from revenue of $ 476.85 million. The bottom line results beat street analysts by $ 0.51 or 57.30 percent, at the same time, top line results outshined analysts by $ 70.00 million or 14.68 percent.
Stock Performance
Shares of Generac Holdlings Inc. traded low $ -2.69 or -1.28 percent on Tuesday, reaching $ 207.71 with volume of 706.20 thousand shares. Generac Holdlings Inc. has traded high as $ 213.83 and has cracked $ 206.61 on the downward trend
According to the previous trading day, closing price of $ 207.71, representing a 178.68 % increase from the 52 week low of $ 75.50 and a 2.58 % decrease over the 52 week high of $ 215.98.
The company has a market capital of $ 13.04 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 16th October 2020, initiated by Stephens at Overweight rating, with $ 250.00 target price.
- On 15th October 2020, maintained by Canaccord Genuity at Buy rating, with $ 250.00 target price.
- On 6th October 2020, initiated by JMP Securities at Market Outperform rating, with $ 285.00 target price.
- On 14th September 2020, initiated by Argus at Buy rating, with $ 210.00 target price.
Conference Call
Generac Holdlings Inc. will be hosting a conference call at 10:00 AM eastern time on 28th October 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.generac.com
Generac Holdings Inc. designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
