Smart Sand, Inc. (NASDAQ:SND) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SND is expected to report 3Q20 loss of $ 0.1 per share from revenue of $ 16.04 million.
For the full year, analysts anticipate top line of $ 106.71 million, while looking forward to loss of $ 0.08 per share bottom line.
Previous Quarter Performance
Smart Sand, Inc. came out with income for the second quarter of $ 0.12 per share, from the revenue of $ 26.11 million. The quarterly earnings decreased 66.67 percent while revenues shrunk 54.17 percent compared with the same quarter last year.
Wall street analysts are predicting, SND to report 2Q20 income of $ 0.14 per share from revenue of $ 32.94 million. The bottom line results missed street analysts by $ 0.02 or 14.29 percent, at the same time, top line results fell short of analysts by $ 6.83 million or 20.73 percent.
Stock Performance
On Friday, shares of Smart Sand, Inc. has traded high as $ 1.40 and has cracked $ 1.31 on the downward trend, reaching $ 1.37 with volume of 209.60 thousand shares.
According to the previous trading day, closing price of $ 1.37, representing a 150.91 % increase from the 52 week low of $ 0.55 and a 49.82 % decrease over the 52 week high of $ 2.75.
The company has a market capital of $ 59.63 million and is part of the Basic Materials sector and Industrial Metals & Minerals industry.
Smart Sand, Inc., integrated frac sand supply and services company, engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. As of December 31, 2018, it had approximately 321 million tons of proven recoverable sand reserves.
