Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, IEA is expected to report 3Q20 income of $ 0.16 per share from revenue of $ 440.00 million.
For the full year, analysts anticipate top line of $ 1708.77 million, while looking forward to loss of $ 0.16 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,600.00 million ~ $ 1,700.00 million
Click Here For More Historical Outlooks Of Infrastructure and Energy Alternatives, Inc.
Previous Quarter Performance
Infrastructure and Energy Alternatives, Inc. outlined income for the second quarter of $ 0.09 per share, from the revenue of $ 480.60 million. The quarterly revenues increased 45.64 percent compared with the same quarter last year. Street analysts expected Infrastructure and Energy Alternatives, Inc. to report loss of $ 0.04 per share on revenue of $ 350.00 million for the second quarter. The bottom line results beat street analysts by $ 0.13 or 325.00 percent, at the same time, top line results outshined analysts by $ 130.60 million or 37.31 percent.
Stock Performance
On Friday, shares of Infrastructure and Energy Alternatives, Inc. has traded high as $ 9.66 and has cracked $ 8.91 on the downward trend, reaching $ 9.42 with volume of 625.70 thousand shares.
According to the previous trading day, closing price of $ 9.42, representing a 476.69 % increase from the 52 week low of $ 1.63 and a 3.39 % decrease over the 52 week high of $ 9.73.
The company has a market capital of $ 216.17 million and is part of the Industrials sector and Engineering & Construction industry.
Infrastructure and Energy Alternatives, Inc., a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services. The company was founded in 1947 is headquartered in Indianapolis, Indiana.
