TimkenSteel Corporation (NYSE:TMST) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.24 per share.
Looking ahead, the full year loss are expected at $ 0.92 per share on the revenues of $ 846.95 million.
Previous Quarter Performance
TimkenSteel Corporation announced loss for the second quarter of $ 0.31 per share, from the revenue of $ 154.00 million. The consensus estimates are loss of $ 0.80 per share from $ 276.70 million in revenue. The bottom line results beat street analysts by $ 0.49 or 61.25 percent, at the same time, top line results fell short of analysts by $ 122.7 million or 44.34 percent.
Stock Performance
Shares of TimkenSteel Corporation traded low $ -0.06 or -1.55 percent on Wednesday, reaching $ 3.80 with volume of 230.30 thousand shares. TimkenSteel Corporation has traded high as $ 3.83 and has cracked $ 3.67 on the downward trend
According to the previous trading day, closing price of $ 3.80, representing a 78.70 % increase from the 52 week low of $ 2.16 and a 51.75 % decrease over the 52 week high of $ 8.00.
The company has a market capital of $ 171.14 million and is part of the Basic Materials sector and Steel industry.
TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision steel components, as well as supplies machining and thermal treatment services. It also manages raw material recycling programs.