Qurate Retail, Inc. (NASDAQ:QRTEA) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, QRTEA to report 3Q20 income of $ 0.44 per share.
For the full year, analysts anticipate top line of $ 13918.60 million, while looking forward to income of $ 1.93 per share bottom line.
Previous Quarter Performance
Qurate Retail, Inc. communicated income for the second quarter of $ 0.54 per share, from the revenue of $ 3,422.00 million. The quarterly earnings elevated 12.50 percent while revenues improved 10.00 percent compared with the same quarter last year.
According to street consensus, QRTEA was expected to report 2Q20 income of $ 0.49 per share from revenue of $ 3205.44 million. The bottom line results beat street analysts by $ 0.05 or 10.20 percent, at the same time, top line results outshined analysts by $ 216.56 million or 6.76 percent.
Stock Performance
Shares of Qurate Retail, Inc. traded up $ 0.28 or 4.10 percent on Tuesday, reaching $ 7.11 with volume of 2.84 million shares. Qurate Retail, Inc. has traded high as $ 7.16 and has cracked $ 6.85 on the downward trend
According to the previous trading day, closing price of $ 7.11, representing a 126.91 % increase from the 52 week low of $ 3.01 and a 45.53 % decrease over the 52 week high of $ 12.54.
The company has a market capital of $ 2.97 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by UBS Group at Neutral rating, with $ 9.00 target price.
Qurate Retail, Inc., through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day. It also operates as an online retailer offering womens, childrens, and mens apparel; and other products, such as home, and beauty products through its desktop and mobile Websites, and mobile applications under the name Zulily.
