Babcock (NYSE:BW) is reporting third quarter financial results on Thursday 12th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, BW is expected to report 3Q20 revenue of $ 127.32 million.
For the full year, analysts anticipate top line of $ 566.63 million.
Previous Quarter Performance
Babcock unfold loss for the second quarter of $ 0.26 per share, from the revenue of $ 135.40 million. According to street consensus, BW was expected to report 2Q20 loss of $ 0.61 per share from revenue of $ 111.90 million. The bottom line results beat street analysts by $ 0.35 or 57.38 percent, at the same time, top line results outshined analysts by $ 23.50 million or 21.00 percent.
Stock Performance
Shares of Babcock traded up $ 0.27 or 11.20 percent on Wednesday, reaching $ 2.68 with volume of 150.40 thousand shares. Babcock has traded high as $ 2.68 and has cracked $ 2.45 on the downward trend
The closing price of $ 2.68, representing a 212.99 % increase from the 52 week low of $ 0.77 and a 53.29 % decrease over the 52 week high of $ 5.16.
The company has a market capital of $ 138.41 million and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
Babcock will be hosting a conference call at 8:30 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (833) 227-5843 Toll Free, (United States) or (647) 689-4070 Toll Number, with passcode : 4193759 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.babcock.com
Babcock & Wilcox Enterprises, Inc. provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. Its Babcock & Wilcox segment engages in the engineering, procurement, specialty manufacturing, construction, and commissioning of new and retrofit utility boilers and industrial boilers fired with coal and natural gas; and boiler cleaning equipment and material handling equipment.
