Orion Engineered Carbons S.A (NYSE:OEC) is expected to report second quarter earnings results, after market close, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.23 per share.
Looking ahead, the full year income are expected at $ 0.53 per share on the revenues of $ 1058.68 million.
Previous Quarter Performance
Orion Engineered Carbons S.A reported income for the first quarter of $ 0.44 per share, from the revenue of $ 336.01 million. The quarterly earnings enlarged 10.00 percent while revenues contracted 12.66 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.36 per share from $ 337.84 million in revenue. The bottom line results beat street analysts by $ 0.08 or 22.22 percent, at the same time, top line results fell short of analysts by $ 1.83 million or 0.54 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of OEC was $ 10.53, representing a 77.57 % increase from the 52 week low of $ 5.93 and a 49.33 % decrease over the 52 week high of $ 20.78.
The company has a market capital of $ 636.93 million and is part of the Basic Materials sector and Specialty Chemicals industry.
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Recent Analyst recommendations
- On 19th June 2020, maintained by UBS Group at Buy rating, with $ 15.00 target price.
Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
