CVR Energy Inc. (NYSE:CVI) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CVI is expected to report 3Q20 loss of $ 0.52 per share from revenue of $ 1128.29 million.
For the full year, analysts anticipate top line of $ 4161.88 million, while looking forward to loss of $ 1.58 per share bottom line.
Previous Quarter Performance
CVR Energy Inc. came out with loss for the second quarter of $ 0.44 per share, from the revenue of $ 675.00 million. The quarterly revenues decreased 59.99 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.42 per share from $ 890.36 million in revenue. The bottom line results missed street analysts by $ 0.02 or 4.76 percent, at the same time, top line results fell short of analysts by $ 215.36 million or 24.19 percent.
Stock Performance
On Friday, shares of CVR Energy Inc. has traded high as $ 11.04 and has cracked $ 10.40 on the downward trend, reaching $ 11.01 with volume of 625.50 thousand shares.
According to the previous trading day, closing price of $ 11.01, representing a 8.26 % increase from the 52 week low of $ 9.81 and a 77.87 % decrease over the 52 week high of $ 47.99.
The company has a market capital of $ 1.11 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
