Freightcar America, Inc. (NASDAQ:RAIL) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, RAIL is expected to report 3Q20 loss of $ 0.75 per share from revenue of $ 39.85 million.
For the full year, analysts anticipate top line of $ 104.80 million, while looking forward to loss of $ 3.68 per share bottom line.
Previous Quarter Performance
Freightcar America, Inc. announced loss for the second quarter of $ 0.97 per share, from the revenue of $ 17.46 million. The quarterly revenues reduced 77.48 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.79 per share from $ 29.80 million in revenue. The bottom line results missed street analysts by $ 0.18 or 22.78 percent, at the same time, top line results fell short of analysts by $ 12.34 million or 41.41 percent.
Stock Performance
On Friday, shares of Freightcar America, Inc. has traded high as $ 1.67 and has cracked $ 1.59 on the downward trend, reaching $ 1.65 with volume of 66.20 thousand shares.
According to the previous trading day, closing price of $ 1.65, representing a 124.66 % increase from the 52 week low of $ 0.73 and a 42.86 % decrease over the 52 week high of $ 2.87.
The company has a market capital of $ 25.63 million and is part of the Industrials sector and Railroads industry.
FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. It operates through two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.
