Houghton Mifflin Harcourt Company (NASDAQ:HMHC) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HMHC to report 3Q20 income of $ 0.53 per share.
For the full year, analysts anticipate top line of $ 1188.06 million, while looking forward to loss of $ 3.1 per share bottom line.
Previous Quarter Performance
Houghton Mifflin Harcourt Company reported loss for the second quarter of $ 0.30 per share, from the revenue of $ 251.22 million. Street analysts expected Houghton Mifflin Harcourt Company to report loss of $ 0.30 per share on revenue of $ 281.06 million for the second quarter. The top line results fell short of analysts by $ 29.84 million or 10.62 percent.
Stock Performance
Shares of Houghton Mifflin Harcourt Company traded low $ -0.03 or -1.08 percent on Wednesday, reaching $ 2.75 with volume of 1.53 million shares. Houghton Mifflin Harcourt Company has traded high as $ 2.87 and has cracked $ 2.67 on the downward trend
The closing price of $ 2.75, representing a 169.90 % increase from the 52 week low of $ 1.03 and a 59.42 % decrease over the 52 week high of $ 6.85.
The company has a market capital of $ 346.03 million and is part of the Consumer Defensive sector and Education & Training Services industry.
Recent Analyst recommendations
- On 5th October 2020, upgraded by Citigroup to Neutral from Sell rating.
Conference Call
Houghton Mifflin Harcourt Company will be hosting a conference call at 9:30 AM eastern time on 5th November 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.hmhco.com
Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.
