Colfax Corporation (NYSE:CFX) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.39 per share.
For the full year, analysts predict revenues of $ 3027.83 million, while looking forward to income of $ 1.36 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.10 ~ $ 2.20 per share
Click Here For More Historical Outlooks Of Colfax Corporation
Previous Quarter Performance
Colfax Corporation reported income for the second quarter of $ 0.09 per share, from the revenue of $ 620.36 million. The quarterly earnings declined 85.94 percent while revenues contracted 31.73 percent compared with the same quarter last year.
Street analysts expected Colfax Corporation to report income of $ 0.05 per share on revenue of $ 596.46 million for the second quarter. The bottom line results beat street analysts by $ 0.04 or 80.00 percent, at the same time, top line results outshined analysts by $ 23.90 million or 4.01 percent.
Stock Performance
Shares of Colfax Corporation traded low $ -1.21 or -4.09 percent on Wednesday, reaching $ 28.34 with volume of 1.13 million shares. Colfax Corporation has traded high as $ 29.45 and has cracked $ 28.31 on the downward trend
According to the previous trading day, closing price of $ 28.34, representing a 141.62 % increase from the 52 week low of $ 12.23 and a 24.81 % decrease over the 52 week high of $ 39.30.
The company has a market capital of $ 3.36 billion and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
Colfax Corporation will be hosting a conference call at 8:00 AM eastern time on 29th October 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.colfaxcorp.com
Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.
