Quaker Chemical Corporation (NYSE:KWR) producer of formulated chemical specialty products, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.94 per share.
For the full year, analysts predict revenues of $ 1353.57 million, while looking forward to income of $ 3.91 per share.
Previous Quarter Performance
Quaker Chemical Corporation revealed income for the second quarter of $ 0.21 per share, from the revenue of $ 286.04 million. According to street consensus, KWR was expected to report 2Q20 income of $ 0.12 per share from revenue of $ 290.40 million. The bottom line results beat street analysts by $ 0.09 or 75.00 percent, at the same time, top line results fell short of analysts by $ 4.36 million or 1.5 percent.
Stock Performance
Shares of Quaker Chemical Corporation traded low $ -4.92 or -2.42 percent on Wednesday, reaching $ 198.08 with volume of 49.90 thousand shares. Quaker Chemical Corporation has traded high as $ 200.96 and has cracked $ 196.72 on the downward trend
The closing price of $ 198.08, representing a 87.72 % increase from the 52 week low of $ 108.14 and a 2.53 % decrease over the 52 week high of $ 208.26.
The company has a market capital of $ 3.53 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The companys products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications. It also provides metal finishing compounds to prepare metal surfaces for special treatments, such as galvanizing and tin plating, as well as to prepare metal for further processing; forming compounds used to facilitate the drawing and extrusion of metal products; chemical milling maskants for the aerospace industry; and temporary and permanent coatings for metal and concrete products.
