Trinseo S.A. (NYSE:TSE) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.86 per share.
For the full year, analysts predict revenues of $ 2992.89 million, while looking forward to loss of $ 0.02 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 2.76 ~ $ 2.94 per share
Full Year 2020 bottomline are predicted in a range of $ 2.40 ~ $ 2.84 per share
Click Here For More Historical Outlooks Of Trinseo S.A.
Previous Quarter Performance
Trinseo S.A. communicated loss for the second quarter of $ 2.95 per share, from the revenue of $ 569.70 million. Wall street analysts are predicting, TSE to report 2Q20 loss of $ 1.68 per share from revenue of $ 636.36 million. The bottom line results missed street analysts by $ 1.27 or 75.6 percent, at the same time, top line results fell short of analysts by $ 66.66 million or 10.48 percent.
Stock Performance
Shares of Trinseo S.A. traded low $ -2.16 or -6.35 percent on Wednesday, reaching $ 31.86 with volume of 591.40 thousand shares. Trinseo S.A. has traded high as $ 33.57 and has cracked $ 31.57 on the downward trend
The closing price of $ 31.86, representing a 140.25 % increase from the 52 week low of $ 14.16 and a 29.3 % decrease over the 52 week high of $ 48.12.
The company has a market capital of $ 1.22 billion and is part of the Consumer Cyclical sector and Rubber & Plastics industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 20.00 target price.
- On 6th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 35.00 target price.
Trinseo S.A., a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics. The Latex Binders segment offers styrene-butadiene, styrene-acrylate, vinylidene chloride, and butadiene-methacrylate latex products for the commercial and niche carpet markets, as well as performance latex products for the adhesive, building and construction, and technical textile paper markets.
