Dorman Products, Inc. (NASDAQ:DORM) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DORM to report 3Q20 income of $ 0.85 per share.
For the full year, analysts anticipate top line of $ 1029.03 million, while looking forward to income of $ 2.77 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,041.00 million ~ $ 1,071.00 million, where as bottomline are predicted in a range of $ 3.35 ~ $ 3.55 per share
Click Here For More Historical Outlooks Of Dorman Products, Inc.
Previous Quarter Performance
Dorman Products, Inc. reported income for the second quarter of $ 0.47 per share, from the revenue of $ 233.18 million. The quarterly earnings down 30.88 percent while revenues declined 8.26 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.43 per share from $ 202.68 million in revenue. The bottom line results beat street analysts by $ 0.04 or 9.30 percent, at the same time, top line results outshined analysts by $ 30.50 million or 15.05 percent.
Stock Performance
Shares of Dorman Products, Inc. traded low $ -1.86 or -2.07 percent on Tuesday, reaching $ 88.08 with volume of 83.10 thousand shares. Dorman Products, Inc. has traded high as $ 90.32 and has cracked $ 87.71 on the downward trend
According to the previous trading day, closing price of $ 88.08, representing a 102.16 % increase from the 52 week low of $ 44.49 and a 7.68 % decrease over the 52 week high of $ 97.42.
The company has a market capital of $ 2.86 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Dorman Products, Inc. supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
