BorgWarner Inc. (NYSE:BWA) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.77 per share.
For the full year, analysts predict revenues of $ 8975.83 million, while looking forward to income of $ 2.20 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,000.00 million ~ $ 8,400.00 million, where as bottomline are predicted in a range of $ 3.85 ~ $ 4.15 per share
Click Here For More Historical Outlooks Of BorgWarner Inc.
Previous Quarter Performance
BorgWarner Inc. outlined loss for the second quarter of $ 0.14 per share, from the revenue of $ 1,426.00 million. The quarterly revenues shrunk 44.10 percent compared with the same quarter last year. Wall street analysts are predicting, BWA to report 2Q20 loss of $ 0.46 per share from revenue of $ 1239.05 million. The bottom line results beat street analysts by $ 0.32 or 69.57 percent, at the same time, top line results outshined analysts by $ 186.95 million or 15.09 percent.
Stock Performance
Shares of BorgWarner Inc. traded low $ -0.89 or -2.37 percent on Wednesday, reaching $ 36.65 with volume of 2.83 million shares. BorgWarner Inc. has traded high as $ 37.02 and has cracked $ 36.08 on the downward trend
According to the previous trading day, closing price of $ 36.65, representing a 120.82 % increase from the 52 week low of $ 17.00 and a 19.44 % decrease over the 52 week high of $ 46.60.
The company has a market capital of $ 8.96 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.17 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
Conference Call
BorgWarner Inc. will be hosting a conference call at 9:30 AM eastern time on 29th 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.borgwarner.com
BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain.
