j2 Global, Inc. (NASDAQ:JCOM) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, JCOM is expected to report 3Q20 income of $ 1.77 per share from revenue of $ 338.82 million.
For the full year, analysts anticipate top line of $ 1391.08 million, while looking forward to income of $ 7.28 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,380.00 million ~ $ 1,400.00 million, where as bottomline are predicted in a range of $ 7.17 ~ $ 7.41 per share
Click Here For More Historical Outlooks Of j2 Global, Inc.
Previous Quarter Performance
j2 Global, Inc. came out with income for the second quarter of $ 1.71 per share, from the revenue of $ 330.98 million. The quarterly earnings developed 6.87 percent while revenues developed 3.29 percent compared with the same quarter last year.
According to street consensus, JCOM was expected to report 2Q20 income of $ 1.45 per share from revenue of $ 316.05 million. The bottom line results beat street analysts by $ 0.26 or 17.93 percent, at the same time, top line results outshined analysts by $ 14.93 million or 4.72 percent.
Stock Performance
On Friday, shares of j2 Global, Inc. has traded high as $ 69.19 and has cracked $ 67.14 on the downward trend, reaching $ 67.88 with volume of 713.90 thousand shares.
According to the previous trading day, closing price of $ 67.88, representing a 26.85 % increase from the 52 week low of $ 53.25 and a 35.4 % decrease over the 52 week high of $ 104.57.
The company has a market capital of $ 3.23 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Sidoti at Buy rating, with $ 107.00 target price.
j2 Global, Inc., together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
