Newpark Resources, Inc. (NYSE:NR) is reporting third quarter financial results on Tuesday 3rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, NR is expected to report 3Q20 loss of $ 0.17 per share from revenue of $ 101.55 million.
For the full year, analysts anticipate top line of $ 476.60 million, while looking forward to loss of $ 0.62 per share bottom line.
Previous Quarter Performance
Newpark Resources, Inc. announced loss for the second quarter of $ 0.20 per share, from the revenue of $ 101.95 million. The quarterly revenues down 52.95 percent compared with the same quarter last year. According to street consensus, NR was expected to report 2Q20 loss of $ 0.19 per share from revenue of $ 110.15 million. The bottom line results missed street analysts by $ 0.01 or 5.26 percent, at the same time, top line results fell short of analysts by $ 8.2 million or 7.44 percent.
Stock Performance
Shares of Newpark Resources, Inc. traded up $ 0.09 or 12.33 percent on Monday, reaching $ 0.80 with volume of 1.11 million shares. Newpark Resources, Inc. has traded high as $ 0.84 and has cracked $ 0.73 on the downward trend
The closing price of $ 0.80, representing a 10.77 % increase from the 52 week low of $ 0.65 and a 89.68 % decrease over the 52 week high of $ 6.98.
The company has a market capital of $ 72.82 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services.
