Intrepid Potash, Inc (NYSE:IPI) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, IPI is expected to report 2Q20 revenue of $ 54.09 million.
For the full year, analysts anticipate top line of $ 198.01 million, while looking forward to loss of $ 0.04 per share bottom line.
Previous Quarter Performance
Intrepid Potash, Inc recorded loss for the first quarter of $ 0.02 per share, from the revenue of $ 63.98 million. The quarterly revenues hiked 11.17 percent compared with the same quarter last year. Street analysts expected Intrepid Potash, Inc to report income of $ 0.02 per share on revenue of $ 55.22 million for the first quarter. The bottom line results missed street analysts by $ 0.04 or 200 percent, at the same time, top line results outshined analysts by $ 8.76 million or 15.86 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IPI was $ 0.91, representing a 51.67 % increase from the 52 week low of $ 0.60 and a 75.93 % decrease over the 52 week high of $ 3.78.
The company has a market capital of $ 120.47 million and is part of the Basic Materials sector and Agricultural Inputs industry.
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Recent Analyst recommendations
- On 9th July 2020, maintained by UBS Group at Sell rating, with $ 0.60 target price.
Intrepid Potash, Inc. produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions.
