Vertex Energy, Inc (NASDAQ:VTNR) is reporting third quarter financial results on Tuesday 10th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, VTNR is expected to report 3Q20 loss of $ 0.15 per share from revenue of $ 37.68 million.
For the full year, analysts anticipate top line of $ 135.68 million, while looking forward to loss of $ 0.67 per share bottom line.
Previous Quarter Performance
Vertex Energy, Inc revealed loss for the second quarter of $ 0.25 per share, from the revenue of $ 21.37 million. According to street consensus, VTNR was expected to report 2Q20 loss of $ 0.15 per share from revenue of $ 19.84 million. The bottom line results missed street analysts by $ 0.1 or 66.67 percent, at the same time, top line results outshined analysts by $ 1.53 million or 7.71 percent.
Stock Performance
Shares of Vertex Energy, Inc traded up $ 0.04 or 10.16 percent on Monday, reaching $ 0.47 with volume of 420.50 thousand shares. Vertex Energy, Inc has traded high as $ 0.47 and has cracked $ 0.42 on the downward trend
According to the previous trading day, closing price of $ 0.47, representing a 5.00 % increase from the 52 week low of $ 0.40 and a 78.46 % decrease over the 52 week high of $ 1.95.
The company has a market capital of $ 21.19 million and is part of the Industrials sector and Waste Management industry.
Conference Call
Vertex Energy, Inc will be hosting a conference call at 9:00 AM eastern time on 10th 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.vertexenergy.com
Vertex Energy, Inc., an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates in three segments: Black Oil, Refining and Marketing, and Recovery. The Black Oil segment collects and purchases used motor oil directly from third-party generators; aggregates used motor oil from a network of local and regional collectors; and sells used motor oil to customers for use as a feedstock or replacement fuel for industrial burners.
