Gentherm Inc (NASDAQ:THRM) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, THRM is expected to report 3Q20 income of $ 0.49 per share from revenue of $ 227.67 million.
For the full year, analysts anticipate top line of $ 824.61 million, while looking forward to income of $ 1.21 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 210.00 million ~ $ 240.00 million
Full Year 2020 topline are forecasted in a range of$ 961.97 million ~ $ 1,001.00 million
Click Here For More Historical Outlooks Of Gentherm Inc
Previous Quarter Performance
Gentherm Inc unwinded loss for the second quarter of $ 0.30 per share, from the revenue of $ 136.06 million. The quarterly revenues down 44.08 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.48 per share from $ 118.61 million in revenue. The bottom line results beat street analysts by $ 0.18 or 37.50 percent, at the same time, top line results outshined analysts by $ 17.45 million or 14.71 percent.
Stock Performance
Shares of Gentherm Inc traded low $ -1.04 or -2.29 percent on Wednesday, reaching $ 44.40 with volume of 119.50 thousand shares. Gentherm Inc has traded high as $ 45.09 and has cracked $ 44.10 on the downward trend
According to the previous trading day, closing price of $ 44.40, representing a 66.81 % increase from the 52 week low of $ 27.24 and a 9.03 % decrease over the 52 week high of $ 49.95.
The company has a market capital of $ 1.45 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Conference Call
Gentherm Inc will be hosting a conference call at 8:00 AM eastern time on 29th 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.gentherm.com
Gentherm Incorporated designs, develops, and manufactures thermal management technologies. The company operates through two segments, Automotive and Industrial. The Automotive segment offers climate comfort system solutions, including seat heaters; variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; integrated electronic components, such as blowers and electronic control units; and steering wheel heaters, neck climate control systems, and surface climate control systems for doors, armrests, cupholders, and storage products.
