Trecora Resources (NYSE:TREC) is reporting third quarter financial results on Tuesday 3rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, TREC is expected to report 3Q20 income of $ 0.04 per share from revenue of $ 53.50 million.
For the full year, analysts anticipate top line of $ 211.74 million, while looking forward to income of $ 0.23 per share bottom line.
Previous Quarter Performance
Trecora Resources came out with loss for the second quarter of $ 0.07 per share, from the revenue of $ 40.67 million. The quarterly revenues down 41.37 percent compared with the same quarter last year. Wall street analysts are predicting, TREC to report 2Q20 loss of $ 0.06 per share from revenue of $ 49.10 million. The bottom line results missed street analysts by $ 0.01 or 16.67 percent, at the same time, top line results fell short of analysts by $ 8.43 million or 17.17 percent.
Stock Performance
Shares of Trecora Resources traded up $ 0.28 or 4.73 percent on Monday, reaching $ 6.20 with volume of 55.70 thousand shares. Trecora Resources has traded high as $ 6.33 and has cracked $ 5.92 on the downward trend
The closing price of $ 6.20, representing a 39.95 % increase from the 52 week low of $ 4.23 and a 34.73 % decrease over the 52 week high of $ 9.07.
The company has a market capital of $ 189.07 million and is part of the Basic Materials sector and Chemicals industry.
Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Specialty Petrochemical and Specialty Waxes. The Specialty Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.
