Horizon Global Corporation (NYSE:HZN) is reporting second quarter financial results on Friday 7th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, HZN is expected to report 2Q20 revenue of $ 209.05 million.
For the full year, analysts anticipate top line of $ 731.56 million, while looking forward to loss of $ 1.02 per share bottom line.
Previous Quarter Performance
Horizon Global Corporation disclosed loss for the first quarter of $ 0.64 per share, from the revenue of $ 163.25 million. The quarterly revenues shrunk 18.27 percent compared with the same quarter last year. According to street consensus, HZN was expected to report 1Q20 loss of $ 0.30 per share from revenue of $ 179.80 million. The bottom line results missed street analysts by $ 0.34 or 113.33 percent, at the same time, top line results fell short of analysts by $ 16.55 million or 9.2 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 105.07 million and is part of the Consumer Cyclical sector and Auto Parts industry.
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Conference Call
Horizon Global Corporation will be hosting a conference call at 8:30 AM eastern time on 7th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.horizonglobal.com
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.
