Westport Fuel Systems Inc (NASDAQ:WPRT) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, WPRT is expected to report 3Q20 loss of $ 0.04 per share from revenue of $ 45.26 million.
For the full year, analysts anticipate top line of $ 217.90 million, while looking forward to loss of $ 0.13 per share bottom line.
Previous Quarter Performance
Westport Fuel Systems Inc revealed income for the second quarter of $ 0.02 per share, from the revenue of $ 36.00 million. The quarterly revenues reduced 56.32 percent compared with the same quarter last year. Street analysts expected Westport Fuel Systems Inc to report loss of $ 0.07 per share on revenue of $ 31.89 million for the second quarter. The bottom line results beat street analysts by $ 0.09 or 128.57 percent, at the same time, top line results outshined analysts by $ 4.11 million or 12.89 percent.
Stock Performance
On Friday, shares of Westport Fuel Systems Inc has traded high as $ 2.02 and has cracked $ 1.90 on the downward trend, reaching $ 1.92 with volume of 1.04 million shares.
According to the previous trading day, closing price of $ 1.92, representing a 187.14 % increase from the 52 week low of $ 0.70 and a 31.86 % decrease over the 52 week high of $ 2.95.
The company has a market capital of $ 261.30 million and is part of the Consumer Cyclical sector and Auto Parts industry.
Westport Fuel Systems Inc. engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc.
