Franks International N.V. (NASDAQ:FI) is set to announce third quarter earning results on Tuesday 3rd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FI to report 3Q20 loss of $ 0.08 per share from revenue of $ 89.52 million.
For the full year, analysts anticipate top line of $ 388.18 million, while looking forward to loss of $ 0.34 per share bottom line.
Previous Quarter Performance
Franks International N.V. reported loss for the second quarter of $ 0.13 per share, from the revenue of $ 86.10 million. The quarterly revenues reduced 41.65 percent compared with the same quarter last year. Street analysts expected Franks International N.V. to report loss of $ 0.09 per share on revenue of $ 97.40 million for the second quarter. The bottom line results missed street analysts by $ 0.04 or 44.44 percent, at the same time, top line results fell short of analysts by $ 11.3 million or 11.6 percent.
Stock Performance
Shares of Franks International N.V. traded up $ 0.07 or 4.00 percent on Monday, reaching $ 1.82 with volume of 582.50 thousand shares. Franks International N.V. has traded high as $ 1.82 and has cracked $ 1.73 on the downward trend
The closing price of $ 1.82, representing a 17.45 % increase from the 52 week low of $ 1.49 and a 69.62 % decrease over the 52 week high of $ 5.76.
The company has a market capital of $ 411.58 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
Franks International N.V. will be hosting a conference call at 11:00 AM eastern time on 3rd November 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.franksinternational.com
Franks International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.
