Northwest Natural Holding Company (NYSE:NWN) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, NWN is expected to report 3Q20 loss of $ 0.68 per share from revenue of $ 97.32 million.
For the full year, analysts anticipate top line of $ 785.80 million, while looking forward to income of $ 2.27 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.25 ~ $ 2.45 per share
Click Here For More Historical Outlooks Of Northwest Natural Holding Company
Previous Quarter Performance
Northwest Natural Holding Company revealed loss for the second quarter of $ 0.17 per share, from the revenue of $ 134.97 million. The quarterly revenues developed 9.34 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.03 per share from $ 132.71 million in revenue. The bottom line results missed street analysts by $ 0.14 or 466.67 percent, at the same time, top line results outshined analysts by $ 2.26 million or 1.70 percent.
Stock Performance
Shares of Northwest Natural Holding Company traded low $ -1.57 or -3.43 percent on Wednesday, reaching $ 44.18 with volume of 121.20 thousand shares. Northwest Natural Holding Company has traded high as $ 45.64 and has cracked $ 44.14 on the downward trend
The closing price of $ 44.18, representing a 8.08 % increase from the 52 week low of $ 42.33 and a 40.78 % decrease over the 52 week high of $ 77.26.
The company has a market capital of $ 1.35 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Recent Analyst recommendations
- On 24th September 2020, upgraded by Wells Fargo & Co to Equal-Weight from Underweight rating.
- On 10th September 2020, maintained by Bank of America at Underperform rating, with $ 47.00 target price.
Conference Call
Northwest Natural Holding Company will be hosting a conference call at 11:00 AM eastern time on 5th 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.nwnatural.com
Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities. The company was founded in 1859 and is headquartered in Portland, Oregon.
