Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.36 per share.
Looking ahead, the full year loss are expected at $ 1.15 per share on the revenues of $ 185.33 million.
Previous Quarter Performance
Universal Stainless & Alloy Products, Inc. unfold loss for the second quarter of $ 0.27 per share, from the revenue of $ 52.48 million. The consensus estimates are loss of $ 0.28 per share from $ 47.89 million in revenue. The bottom line results beat street analysts by $ 0.01 or 3.57 percent, at the same time, top line results outshined analysts by $ 4.59 million or 9.58 percent.
Stock Performance
Shares of Universal Stainless & Alloy Products, Inc. traded low $ -0.10 or -1.69 percent on Tuesday, reaching $ 5.80 with volume of 11.50 thousand shares. Universal Stainless & Alloy Products, Inc. has traded high as $ 6.10 and has cracked $ 5.80 on the downward trend
The closing price of $ 5.80, representing a 15.23 % increase from the 52 week low of $ 5.12 and a 61.81 % decrease over the 52 week high of $ 15.45.
The company has a market capital of $ 51.21 million and is part of the Basic Materials sector and Steel industry.
Conference Call
Universal Stainless & Alloy Products, Inc. will be hosting a conference call at 10:00 AM eastern time on 21st 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.univstainless.com
Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The companys products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. The company offers semi-finished and finished long products in the form of ingots, blooms, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers (OEMs), which are cold rolled from purchased coiled strip, flat bar, or extruded bar.
