Ingevity Corporation (NYSE:NGVT) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, NGVT is expected to report 3Q20 income of $ 1.01 per share from revenue of $ 316.61 million.
For the full year, analysts anticipate top line of $ 1154.75 million, while looking forward to income of $ 3.57 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.79 ~ $ 1.79 per share, while revenues are expected in a range of $ 331.70 million ~ $ 331.70 million
Full Year 2020 topline are forecasted in a range of$ 1,150.00 million ~ $ 1,200.00 million
Click Here For More Historical Outlooks Of Ingevity Corporation
Previous Quarter Performance
Ingevity Corporation outlined income for the second quarter of $ 0.63 per share, from the revenue of $ 270.60 million. According to street consensus, NGVT was expected to report 2Q20 income of $ 0.60 per share from revenue of $ 256.30 million. The bottom line results beat street analysts by $ 0.03 or 5.00 percent, at the same time, top line results outshined analysts by $ 14.30 million or 5.58 percent.
Stock Performance
Shares of Ingevity Corporation traded low $ -1.69 or -2.89 percent on Tuesday, reaching $ 56.84 with volume of 277.70 thousand shares. Ingevity Corporation has traded high as $ 58.06 and has cracked $ 56.35 on the downward trend
According to the previous trading day, closing price of $ 56.84, representing a 134.87 % increase from the 52 week low of $ 24.92 and a 38.17 % decrease over the 52 week high of $ 94.67.
The company has a market capital of $ 2.35 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats.
