CSI Compressco LP (NASDAQ:CCLP) is reporting third quarter earnings results on Monday 2nd November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.33 per share from $ 77.51 million in revenue.
For the full year, analysts predict revenues of $ 334.19 million, while looking forward to loss of $ 1.47 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 430.00 million ~ $ 460.00 million
Click Here For More Historical Outlooks Of CSI Compressco LP
Previous Quarter Performance
CSI Compressco LP came out with loss for the second quarter of $ 0.20 per share, from the revenue of $ 96.41 million. The quarterly revenues reduced 29.04 percent compared with the same quarter last year. According to street consensus, CCLP was expected to report 2Q20 loss of $ 0.25 per share from revenue of $ 92.92 million. The bottom line results beat street analysts by $ 0.05 or 20.00 percent, at the same time, top line results outshined analysts by $ 3.49 million or 3.76 percent.
Stock Performance
On Friday, shares of CSI Compressco LP has traded high as $ 0.88 and has cracked $ 0.83 on the downward trend, reaching $ 0.85 with volume of 80.30 thousand shares.
According to the previous trading day, closing price of $ 0.85, representing a 137.14 % increase from the 52 week low of $ 0.35 and a 71.86 % decrease over the 52 week high of $ 2.95.
The company has a market capital of $ 40.15 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
CSI Compressco LP will be hosting a conference call at 9:30 AM eastern time on 2nd November 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.csicompressco.com
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration. The company offers GasJack and VJack electric powered low-horsepower compressor packages to provide production enhancement services for dry gas wells, liquid-loaded gas wells, and backside auto injection systems.
