Veoneer, Inc. (NYSE:VNE) is reporting third quarter earnings results on Friday 23rd October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.97 per share.
For the full year, analysts predict revenues of $ 1298.04 million, while looking forward to loss of $ 4.47 per share.
Previous Quarter Performance
Veoneer, Inc. unfold loss for the second quarter of $ 0.80 per share, from the revenue of $ 184.00 million. The quarterly revenues dropped 62.37 percent compared with the same quarter last year. Wall street analysts are predicting, VNE to report 2Q20 loss of $ 1.32 per share from revenue of $ 213.14 million. The bottom line results beat street analysts by $ 0.52 or 39.39 percent, at the same time, top line results fell short of analysts by $ 29.14 million or 13.67 percent.
Stock Performance
Shares of Veoneer, Inc. traded up $ 0.68 or 3.88 percent on Thursday, reaching $ 18.19 with volume of 647.70 thousand shares. Veoneer, Inc. has traded high as $ 18.34 and has cracked $ 17.47 on the downward trend
The closing price of $ 18.19, representing a 233.52 % increase from the 52 week low of $ 5.25 and a 7.35 % decrease over the 52 week high of $ 18.90.
The company has a market capital of $ 2.03 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Recent Analyst recommendations
- On 6th October 2020, initiated by Berenberg Bank at Hold rating, with $ 15.00 target price.
Veoneer, Inc. designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems.
