Invacare Corporation (NYSE:IVC) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.18 per share from $ 202.35 million in revenue.
For the full year, analysts predict revenues of $ 826.07 million, while looking forward to loss of $ 0.7 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 810.00 million ~ $ 840.00 million
Click Here For More Historical Outlooks Of Invacare Corporation
Previous Quarter Performance
Invacare Corporation outlined loss for the second quarter of $ 0.21 per share, from the revenue of $ 196.30 million. According to street consensus, IVC was expected to report 2Q20 loss of $ 0.35 per share from revenue of $ 209.96 million. The bottom line results beat street analysts by $ 0.14 or 40.00 percent, at the same time, top line results fell short of analysts by $ 13.66 million or 6.51 percent.
Stock Performance
Shares of Invacare Corporation traded low $ -0.34 or -4.41 percent on Wednesday, reaching $ 7.37 with volume of 263.00 thousand shares. Invacare Corporation has traded high as $ 7.73 and has cracked $ 7.20 on the downward trend
According to the previous trading day, closing price of $ 7.37, representing a 97.69 % increase from the 52 week low of $ 3.90 and a 33.71 % decrease over the 52 week high of $ 11.63.
The company has a market capital of $ 253.62 million and is part of the Healthcare sector and Medical Devices industry.
Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company operates through Europe, North America/Home Medical Equipment, Institutional Products Group, and the Asia/Pacific segments. It offers mobility and seating products, such as power wheelchairs under the Invacare TDX brand; custom manual wheelchairs under the Invacare, Invacare Top End, and Küschall brand names; and seating and positioning products.
