Trecora Resources (NYSE:TREC) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, TREC is expected to report 2Q20 loss of $ 0.06 per share from revenue of $ 49.10 million.
For the full year, analysts anticipate top line of $ 224.97 million, while looking forward to income of $ 0.16 per share bottom line.
Previous Quarter Performance
Trecora Resources disclosed income for the first quarter of $ 0.23 per share, from the revenue of $ 62.07 million. The quarterly earnings elevated 228.57 percent while revenues contracted 14.68 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 59.50 million The top line results outshined analysts by $ 2.57 million or 4.32 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TREC was $ 5.91, representing a 39.72 % increase from the 52 week low of $ 4.23 and a 37.66 % decrease over the 52 week high of $ 9.48.
The company has a market capital of $ 146.07 million and is part of the Basic Materials sector and Chemicals industry.
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Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Specialty Petrochemical and Specialty Waxes. The Specialty Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.
