Arco Platform Limited (NASDAQ:ARCE) is reporting second quarter financial results on Monday 17th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, ARCE is expected to report 2Q20 income of $ 0.14 per share from revenue of $ 37.53 million.
For the full year, analysts anticipate top line of $ 201.39 million, while looking forward to income of $ 0.61 per share bottom line.
Previous Quarter Performance
Arco Platform Limited outlined income for the first quarter of $ 0.23 per share, from the revenue of $ 59.12 million. The quarterly earnings grew 9.52 percent while revenues swell 101.84 percent compared with the same quarter last year.
According to street consensus, ARCE was expected to report 1Q20 income of $ 0.19 per share from revenue of $ 44.90 million. The bottom line results beat street analysts by $ 0.04 or 21.05 percent, at the same time, top line results outshined analysts by $ 14.22 million or 31.67 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ARCE was $ 46.37, representing a 59.40 % increase from the 52 week low of $ 29.09 and a 22.05 % decrease over the 52 week high of $ 59.49.
The company has a market capital of $ 2.55 billion and is part of the Technology sector and Software – Application industry.
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Recent Analyst recommendations
- On 8th July 2020, upgraded by Credit Suisse Group to Outperform from Neutral rating, with $ 55.00 target price.
Conference Call
Arco Platform Limited will be hosting a conference call at 4:30 PM eastern time on 17th 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.arcoeducacao.com.br
Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The companys curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform. As of March 31, 2019, it had a network consisted of 1,462 partner schools and 498,553 enrolled students.
