Cornerstone Building Brands, Inc. (NYSE:CNR) is reporting third quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CNR is expected to report 3Q20 income of $ 0.30 per share from revenue of $ 1211.65 million.
For the full year, analysts anticipate top line of $ 4586.04 million, while looking forward to loss of $ 0.38 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,160.00 million ~ $ 1,240.00 million
Click Here For More Historical Outlooks Of Cornerstone Building Brands, Inc.
Previous Quarter Performance
Cornerstone Building Brands, Inc. disclosed income for the second quarter of $ 0.34 per share, from the revenue of $ 1,085.00 million. The quarterly earnings expanded 30.77 percent while revenues contracted 16.25 percent compared with the same quarter last year. The top line results outshined analysts by $ 88.90 million or 8.92 percent.
Stock Performance
Shares of Cornerstone Building Brands, Inc. traded low $ -0.06 or -0.74 percent on Monday, reaching $ 8.02 with volume of 766.70 thousand shares. Cornerstone Building Brands, Inc. has traded high as $ 9.20 and has cracked $ 8.00 on the downward trend
According to the previous trading day, closing price of $ 8.02, representing a 218.11 % increase from the 52 week low of $ 2.54 and a 20.78 % decrease over the 52 week high of $ 10.20.
The company has a market capital of $ 1.00 billion and is part of the Industrials sector and Metal Fabrication industry.
Recent Analyst recommendations
- On 16th September 2020, upgraded by Sidoti to Buy from Neutral rating, with $ 12.00 target price.
Cornerstone Building Brands, Inc. designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates in four segments: Engineered Building Systems, Metal Components, Insulated Metal Panels, and Metal Coil Coating.
