SG Blocks, Inc. ($SGBX) 2Q20 Earnings Preview

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SG Blocks, Inc. (NASDAQ:SGBX) is expected to report second quarter earnings results, after market close, on Thursday 13th August 2020.

Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.08 per share.

Looking ahead, the full year loss are expected at $ 0.62 per share on the revenues of $ 9.90 million.

Previous Quarter Performance

SG Blocks, Inc. outlined loss for the first quarter of $ 0.64 per share, from the revenue of $ 0.20 million. The quarterly revenues decreased 94.12 percent compared with the same quarter last year. According to street consensus, SGBX was expected to report 1Q20 loss of $ 0.20 per share from revenue of $ 1.50 million. The bottom line results missed street analysts by $ 0.44 or 220 percent, at the same time, top line results fell short of analysts by $ 1.3 million or 86.67 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of SGBX was $ 2.72, representing a 134.48 % increase from the 52 week low of $ 1.16 and a 82.68 % decrease over the 52 week high of $ 15.70.

The company has a market capital of $ 23.38 million and is part of the Industrials sector and Metal Fabrication industry.

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SG Blocks, Inc. engages in fabricating modules for construction of buildings in the United States. The company redesigns, repurposes, and converts heavy-gauge steel cargo shipping containers into green building blocks for commercial, industrial, and residential building construction; and purpose-built modules, or prefabricated steel modular units for construction.