Atkore International Group Inc. (NYSE:ATKR) is expected to report third quarter earnings results, before market open, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.48 per share from revenue of $ 364.64 million.
Looking ahead, the full year income are expected at $ 3.12 per share on the revenues of $ 1672.85 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,629.00 million ~ $ 1,725.00 million, where as bottomline are predicted in a range of $ 3.08 ~ $ 3.26 per share
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Previous Quarter Performance
Atkore International Group Inc. unwinded income for the second quarter of $ 0.99 per share, from the revenue of $ 455.65 million. The quarterly earnings raised 19.28 percent compared with the same quarter last year. Wall street analysts are predicting, ATKR to report 2Q20 income of $ 0.85 per share from revenue of $ 459.39 million. The bottom line results beat street analysts by $ 0.14 or 16.47 percent, at the same time, top line results fell short of analysts by $ 3.74 million or 0.81 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ATKR was $ 27.84, representing a 156.59 % increase from the 52 week low of $ 10.85 and a 36 % decrease over the 52 week high of $ 43.50.
The company has a market capital of $ 1.31 billion and is part of the Industrials sector and Diversified Industrials industry.
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Conference Call
Atkore International Group Inc. will be hosting a conference call at 8:00 AM eastern time on 4th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.atkore.com
Atkore International Group Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.