SPX Corporation (NYSE:SPXC) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.50 per share.
Looking ahead, the full year income are expected at $ 2.79 per share on the revenues of $ 1560.15 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,600.00 million ~ $ 1,600.00 million, where as bottomline are predicted in a range of $ 2.90 ~ $ 3.05 per share
Click Here For More Historical Outlooks Of SPX Corporation
Previous Quarter Performance
SPX Corporation disclosed income for the second quarter of $ 0.64 per share, from the revenue of $ 373.20 million. The quarterly earnings fell 4.48 percent while revenues boosted 0.43 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.46 per share from $ 346.75 million in revenue. The bottom line results beat street analysts by $ 0.18 or 39.13 percent, at the same time, top line results outshined analysts by $ 26.45 million or 7.63 percent.
Stock Performance
Shares of SPX Corporation traded low $ -3.07 or -6.56 percent on Wednesday, reaching $ 43.76 with volume of 243.80 thousand shares. SPX Corporation has traded high as $ 45.94 and has cracked $ 43.68 on the downward trend
According to the previous trading day, closing price of $ 43.76, representing a 83.65 % increase from the 52 week low of $ 25.50 and a 12.89 % decrease over the 52 week high of $ 53.76.
The company has a market capital of $ 1.96 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 3rd September 2020, upgraded by William Blair to Outperform from Market Perform rating.
Conference Call
SPX Corporation will be hosting a conference call at 4:45 PM 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.spx.com
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates in three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating, and ventilation products in the residential and commercial markets.
