AgroFresh Solutions, Inc. (NASDAQ:AGFS) is reporting second quarter financial results on Monday 10th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, AGFS is expected to report 2Q20 loss of $ 0.35 per share from revenue of $ 21.19 million.
For the full year, analysts anticipate top line of $ 173.03 million, while looking forward to loss of $ 0.25 per share bottom line.
Previous Quarter Performance
AgroFresh Solutions, Inc. posted loss for the first quarter of $ 0.08 per share, from the revenue of $ 33.02 million. The quarterly revenues dropped 15.20 percent compared with the same quarter last year. Wall street analysts are predicting, AGFS to report 1Q20 loss of $ 0.15 per share from revenue of $ 40.22 million. The bottom line results beat street analysts by $ 0.07 or 46.67 percent, at the same time, top line results fell short of analysts by $ 7.2 million or 17.9 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AGFS was $ 2.66, representing a 166.00 % increase from the 52 week low of $ 1.00 and a 36.67 % decrease over the 52 week high of $ 4.20.
The company has a market capital of $ 138.46 million and is part of the Basic Materials sector and Agricultural Inputs industry.
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Conference Call
AgroFresh Solutions, Inc. will be hosting a conference call at 4:30 PM eastern time on 10th 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.agrofresh.com
AgroFresh Solutions, Inc. provides science-based solutions, data-driven technologies, and services to enhance the quality and extend the shelf life of fresh produce. It offers solutions in various fresh produce categories, including apples, bananas, cherries, citrus, and pears, as well as avocados, kiwifruits, melons, ornamentals, peaches and nectarines, plums, tomatoes, and others.
