Powell Industries, Inc. (NASDAQ:POWL) is reporting fourth quarter financial results on Tuesday 8th December 2020, after market close.
According to analysts surveyed by Thomson Reuters, POWL is expected to report 4Q20 income of $ 0.26 per share from revenue of $ 120.17 million.
For the full year, analysts anticipate top line of $ 523.95 million, while looking forward to income of $ 1.44 per share bottom line.
Previous Quarter Performance
Powell Industries, Inc. outlined income for the third quarter of $ 0.30 per share, from the revenue of $ 118.06 million. The quarterly earnings reduced 23.08 percent compared with the same quarter last year. Street analysts expected Powell Industries, Inc. to report income of $ 0.32 per share on revenue of $ 128.81 million for the third quarter. The bottom line results missed street analysts by $ 0.02 or 6.25 percent, at the same time, top line results fell short of analysts by $ 10.75 million or 8.35 percent.
Stock Performance
Shares of Powell Industries, Inc. traded low $ -0.43 or -1.54 percent on Monday, reaching $ 27.54 with volume of 44.50 thousand shares. Powell Industries, Inc. has traded high as $ 28.34 and has cracked $ 27.41 on the downward trend
According to the previous trading day, closing price of $ 27.54, representing a 79.07 % increase from the 52 week low of $ 15.62 and a 44.95 % decrease over the 52 week high of $ 50.81.
The company has a market capital of $ 319.87 million and is part of the Industrials sector and Diversified Industrials industry.
Powell Industries, Inc., together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The companys principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears. Its products have application in voltages ranging from 480 volts to 38,000 volts; and are used in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets.
