Welbilt, Inc. (NYSE:WBT) is expected to report second quarter earnings results, before market open, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.13 per share from revenue of $ 205.20 million.
Looking ahead, the full year loss are expected at $ 0.08 per share on the revenues of $ 1118.51 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,562.00 million ~ $ 1,610.00 million, where as bottomline are predicted in a range of $ 0.68 ~ $ 0.75 per share
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Previous Quarter Performance
Welbilt, Inc. revealed income for the first quarter of $ 0.01 per share, from the revenue of $ 328.90 million. The quarterly earnings fell 80.00 percent while revenues shrunk 12.00 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 323.45 million The top line results outshined analysts by $ 5.45 million or 1.68 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of WBT was $ 6.27, representing a 97.79 % increase from the 52 week low of $ 3.17 and a 68.35 % decrease over the 52 week high of $ 19.81.
The company has a market capital of $ 887.20 million and is part of the Industrials sector and Diversified Industrials industry.
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Recent Analyst recommendations
- On 18th June 2020, maintained by Citigroup at Buy rating, with $ 8.00 target price.
Conference Call
Welbilt, Inc. will be hosting a conference call at 10:00 AM eastern time on 4th 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.welbilt.com
Welbilt, Inc., a foodservice equipment company, designs, manufactures, supply, and services food and beverage equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers, blast chillers, cook-chill systems, modular and fully assembled walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels. It also provides traditional ovens, combi ovens, convection ovens, conveyor ovens, rapid-cooking ovens, and range and grill products; and fryers and frying systems.
