Canon, Inc. (NYSE:CAJ) 2Q20 Earnings Sneak Preview

91

Canon, Inc. (NYSE:CAJ) is reporting second quarter earnings results on Tuesday 28th July 2020, before market open.

The consensus estimates from Thomson Reuters are loss of $ 0.03 per share.

For the full year, analysts predict revenues of $ 31286.40 million, while looking forward to income of $ 1.00 per share.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 34,259.00 million ~ $ 34,259.00 million

Click Here For More Historical Outlooks Of Canon, Inc.

Previous Quarter Performance

Canon, Inc. unveiled income for the first quarter of $ 0.19 per share, from the revenue of $ 7,177.00 million. The quarterly earnings down 26.92 percent while revenues shrunk 8.56 percent compared with the same quarter last year.
Street analysts expected Canon, Inc. to report income of $ 0.17 per share on revenue of $ 7534.02 million for the first quarter. The bottom line results beat street analysts by $ 0.02 or 11.76 percent, at the same time, top line results fell short of analysts by $ 357.02 million or 4.74 percent.

Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!

Click Here For More Historical Earnings Of Canon, Inc.

Stock Performance

According to the previous trading day, closing price of CAJ was $ 19.81, representing a 5.99 % increase from the 52 week low of $ 18.69 and a 30.27 % decrease over the 52 week high of $ 28.41.

The company has a market capital of $ 20.93 billion and is part of the Industrials sector and Business Equipment industry.

[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”CAJ” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]

Canon Inc. manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.