Axalta Coating Systems Ltd. (NYSE:AXTA) is expected to report second quarter earnings results, before market open, on Wednesday 29th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.11 per share.
Looking ahead, the full year income are expected at $ 0.82 per share on the revenues of $ 3500.67 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,482.00 million ~ $ 4,527.00 million, where as bottomline are predicted in a range of $ 1.85 ~ $ 2.00 per share
Click Here For More Historical Outlooks Of Axalta Coating Systems Ltd.
Previous Quarter Performance
Axalta Coating Systems Ltd. recorded income for the first quarter of $ 0.31 per share, from the revenue of $ 983.50 million. The quarterly earnings escalated 24.66 percent while revenues compared with the same quarter last year.
The consensus estimates are income of $ 0.29 per share from $ 1,010.00 million in revenue. The bottom line results beat street analysts by $ 0.02 or 6.90 percent, at the same time, top line results fell short of analysts by $ 26.5 million or 2.62 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AXTA was $ 23.01, representing a 78.10 % increase from the 52 week low of $ 12.92 and a 28.54 % decrease over the 52 week high of $ 32.20.
The company has a market capital of $ 5.41 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by KeyBanc at Overweight rating, with $ 28.00 target price.
- On 25th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 23.00 target price.
- On 17th June 2020, maintained by Deutsche Bank at Buy rating, with $ 26.00 target price.
Conference Call
Axalta Coating Systems Ltd. will be hosting a conference call at 10:00 AM eastern time on 29th July 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.axalta.com
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
