Street Expectation From Sykes Enterprises, Incorporated ($SYKE) 3Q20 Earnings?

Sykes Enterprises, Incorporated (NASDAQ:SYKE) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, SYKE to report 3Q20 income of $ 0.55 per share.

For the full year, analysts anticipate top line of $ 1676.25 million, while looking forward to income of $ 2.45 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 1,700.00 million ~ $ 1,720.00 million, where as bottomline are predicted in a range of $ 2.36 ~ $ 2.50 per share

Click Here For More Historical Outlooks Of Sykes Enterprises, Incorporated

Previous Quarter Performance

Sykes Enterprises, Incorporated revealed income for the second quarter of $ 0.71 per share, from the revenue of $ 416.83 million. The quarterly earnings up 73.17 percent while revenues swell 5.26 percent compared with the same quarter last year.
Street analysts expected Sykes Enterprises, Incorporated to report income of $ 0.29 per share on revenue of $ 378.30 million for the second quarter. The bottom line results beat street analysts by $ 0.42 or 144.83 percent, at the same time, top line results outshined analysts by $ 38.53 million or 10.19 percent.

Stock Performance

Shares of Sykes Enterprises, Incorporated traded up $ 1.18 or 3.35 percent on Tuesday, reaching $ 36.39 with volume of 161.00 thousand shares. Sykes Enterprises, Incorporated has traded high as $ 36.72 and has cracked $ 35.52 on the downward trend

According to the previous trading day, closing price of $ 36.39, representing a 59.18 % increase from the 52 week low of $ 22.12 and a 7.92 % decrease over the 52 week high of $ 38.24.

The company has a market capital of $ 1.46 billion and is part of the Technology sector and Information Technology Services industry.

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and global customer engagement services. Its customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as providing health information and dispatching roadside assistance. The companys technical support services comprise support around complex networks, hardware and software, communications equipment, Internet access technology, and Internet portal usage.

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