Scorpio Bulkers Inc. (NYSE:SALT) is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 1.05 per share from $ 46.85 million in revenue.
For the full year, analysts predict revenues of $ 165.47 million, while looking forward to loss of $ 16.34 per share.
Previous Quarter Performance
Scorpio Bulkers Inc. recorded loss for the second quarter of $ 5.68 per share, from the revenue of $ 26.17 million. The quarterly revenues decreased 45.25 percent compared with the same quarter last year. Street analysts expected Scorpio Bulkers Inc. to report loss of $ 3.59 per share on revenue of $ 26.23 million for the second quarter. The bottom line results missed street analysts by $ 2.09 or 58.22 percent, at the same time, top line results fell short of analysts by $ 0.06 million or 0.23 percent.
Stock Performance
Shares of Scorpio Bulkers Inc. traded up $ 0.06 or 0.42 percent on Friday, reaching $ 14.18 with volume of 98.60 thousand shares. Scorpio Bulkers Inc. has traded high as $ 14.27 and has cracked $ 13.75 on the downward trend
According to the previous trading day, closing price of $ 14.18, representing a 30.14 % increase from the 52 week low of $ 10.85 and a 79.16 % decrease over the 52 week high of $ 67.75.
The company has a market capital of $ 175.65 million and is part of the Industrials sector and Shipping & Ports industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Stifel Nicolaus at Buy rating, with $ 23.00 target price.
Conference Call
Scorpio Bulkers Inc. will be hosting a conference call at 9:00 AM eastern time on 27th October 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.scorpiobulkers.com
Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. The company owns and operates 55 vessels, including 54 wholly-owned or finance leased drybulk vessels comprising 17 Kamsarmax vessels and 37 Ultramax vessels; and 1 time chartered-in Ultramax vessel.
