Northwest Pipe Company (NASDAQ:NWPX) manufacturer of engineered steel pipe water systems, is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.61 per share.
Looking ahead, the full year income are expected at $ 2.24 per share on the revenues of $ 289.90 million.
Previous Quarter Performance
Northwest Pipe Company outlined income for the second quarter of $ 0.45 per share, from the revenue of $ 69.97 million. The quarterly earnings extended 45.16 percent while revenues developed 1.11 percent compared with the same quarter last year.
Street analysts expected Northwest Pipe Company to report income of $ 0.52 per share on revenue of $ 73.55 million for the second quarter. The bottom line results missed street analysts by $ 0.07 or 13.46 percent, at the same time, top line results fell short of analysts by $ 3.58 million or 4.87 percent.
Stock Performance
Shares of Northwest Pipe Company traded up $ 1.07 or 3.95 percent on Tuesday, reaching $ 28.13 with volume of 27.40 thousand shares. Northwest Pipe Company has traded high as $ 28.24 and has cracked $ 27.50 on the downward trend
According to the previous trading day, closing price of $ 28.13, representing a 46.11 % increase from the 52 week low of $ 18.52 and a 26.27 % decrease over the 52 week high of $ 36.70.
The company has a market capital of $ 275.83 million and is part of the Industrials sector and Metal Fabrication industry.
Northwest Pipe Company manufactures engineered welded steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications. The company sells its products primarily to public water agencies directly and installation contractors.
