Avantor, Inc. (NYSE:AVTR) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.21 per share.
Looking ahead, the full year income are expected at $ 0.79 per share on the revenues of $ 6122.61 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,600.00 million ~ $ 1,600.00 million
Full Year 2020 bottomline are predicted in a range of $ 0.74 ~ $ 0.79 per share
Click Here For More Historical Outlooks Of Avantor, Inc.
Previous Quarter Performance
Avantor, Inc. reported income for the second quarter of $ 0.19 per share, from the revenue of $ 1,479.00 million. Wall street analysts are predicting, AVTR to report 2Q20 income of $ 0.14 per share from revenue of $ 1450.00 million. The bottom line results beat street analysts by $ 0.05 or 35.71 percent, at the same time, top line results outshined analysts by $ 29.00 million or 2.00 percent.
Stock Performance
Shares of Avantor, Inc. traded low $ -0.29 or -1.17 percent on Tuesday, reaching $ 24.44 with volume of 3.46 million shares. Avantor, Inc. has traded high as $ 25.02 and has cracked $ 24.27 on the downward trend
According to the previous trading day, closing price of $ 24.44, representing a 271.32 % increase from the 52 week low of $ 6.66 and a 3.77 % decrease over the 52 week high of $ 25.70.
The company has a market capital of $ 14.09 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Raymond James at Outperform rating, with $ 27.00 target price.
- On 9th October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 30.00 target price.
- On 14th September 2020, initiated by Morgan Stanley at Overweight rating, with $ 24.00 target price.
Conference Call
Avantor, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 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.avantorsciences.com
Avantor, Inc. develops, customizes, manufactures, and supplies products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries. The companys materials and consumables include ultra-high purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, and process chromatography resins and columns, as well as analytical sample prep, education, and microbiology and clinical trial kits.
