Park-Ohio Holdings Corp. (NASDAQ:PKOH) is set to announce third quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PKOH to report 3Q20 income of $ 0.03 per share from revenue of $ 328.13 million.
For the full year, analysts anticipate top line of $ 1271.00 million, while looking forward to loss of $ 0.66 per share bottom line.
Previous Quarter Performance
Park-Ohio Holdings Corp. recorded loss for the second quarter of $ 1.17 per share, from the revenue of $ 228.30 million. The quarterly revenues fell 45.03 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.96 per share from $ 258.43 million in revenue. The bottom line results missed street analysts by $ 0.21 or 21.88 percent, at the same time, top line results fell short of analysts by $ 30.13 million or 11.66 percent.
Stock Performance
Shares of Park-Ohio Holdings Corp. traded up $ 1.07 or 5.42 percent on Monday, reaching $ 20.81 with volume of 24.50 thousand shares. Park-Ohio Holdings Corp. has traded high as $ 20.81 and has cracked $ 20.09 on the downward trend
The closing price of $ 20.81, representing a 83.12 % increase from the 52 week low of $ 10.78 and a 45.33 % decrease over the 52 week high of $ 36.11.
The company has a market capital of $ 262.24 million and is part of the Industrials sector and Industrial Distribution industry.
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. The companys Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
