Zacks: Brokerages Anticipate Covia Holdings (CVIA) Will Post Earnings of -$0.08 Per Share
Brokerages predict that Covia Holdings (NASDAQ:CVIA) will announce earnings per share of ($0.08) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Covia’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at ($0.33). The business is scheduled to report its next earnings results on Wednesday, February 13th.
According to Zacks, analysts expect that Covia will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $1.46. For the next year, analysts forecast that the business will report earnings of $0.04 per share, with EPS estimates ranging from ($0.85) to $1.57. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Covia.
Covia (NASDAQ:CVIA) last posted its earnings results on Wednesday, November 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $523.40 million during the quarter, compared to analyst estimates of $615.07 million. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Viking Fund Management LLC bought a new position in Covia during the 2nd quarter worth approximately $668,000. Exane Derivatives bought a new position in Covia during the 2nd quarter worth approximately $358,000. James Investment Research Inc. bought a new position in Covia during the 2nd quarter worth approximately $1,251,000. Perella Weinberg Partners Capital Management LP bought a new position in Covia during the 2nd quarter worth approximately $4,621,000. Finally, Sterling Investment Advisors Ltd. bought a new position in Covia during the 2nd quarter worth approximately $111,000.
Shares of CVIA stock traded down $0.12 during trading hours on Friday, reaching $7.06. The company had a trading volume of 1,193,377 shares, compared to its average volume of 605,751. Covia has a twelve month low of $4.59 and a twelve month high of $30.00.
There is no company description available for Covia Holdings Corp.
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