Welbilt, Inc. (NYSE:WBT) is expected to report third quarter earnings results, before market open, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.01 per share.
Looking ahead, the full year loss are expected at $ 0.03 per share on the revenues of $ 1098.85 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 266.83 million ~ $ 287.35 million
Full Year 2020 topline are forecasted in a range of$ 1,562.00 million ~ $ 1,610.00 million, where as bottomline are predicted in a range of $ 0.68 ~ $ 0.75 per share
Click Here For More Historical Outlooks Of Welbilt, Inc.
Previous Quarter Performance
Welbilt, Inc. unfold loss for the second quarter of $ 0.07 per share, from the revenue of $ 206.00 million. The consensus estimates are loss of $ 0.13 per share from $ 205.20 million in revenue. The bottom line results beat street analysts by $ 0.06 or 46.15 percent, at the same time, top line results outshined analysts by $ 0.80 million or 0.39 percent.
Stock Performance
Shares of Welbilt, Inc. traded up $ 0.47 or 7.73 percent on Monday, reaching $ 6.55 with volume of 889.50 thousand shares. Welbilt, Inc. has traded high as $ 6.55 and has cracked $ 6.15 on the downward trend
The closing price of $ 6.55, representing a 91.80 % increase from the 52 week low of $ 3.17 and a 69.31 % decrease over the 52 week high of $ 19.81.
The company has a market capital of $ 926.90 million and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
Welbilt, Inc. will be hosting a conference call at 10:00 AM eastern time on 3rd 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.welbilt.com
Welbilt, Inc., a foodservice equipment company, designs, manufactures, supply, and services food and beverage equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers, blast chillers, cook-chill systems, modular and fully assembled walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels. It also provides traditional ovens, combi ovens, convection ovens, conveyor ovens, rapid-cooking ovens, and range and grill products; and fryers and frying systems.