Street Expectation From Golar LNG Limited ($GLNG) 3Q20 Earnings?

Golar LNG Limited (NASDAQ:GLNG) is set to announce third quarter earning results on Monday 30th November 2020, before market open.

Analysts surveyed by Thomson Reuters are predicting, GLNG to report 3Q20 loss of $ 0.07 per share.

For the full year, analysts anticipate top line of $ 422.35 million, while looking forward to loss of $ 0.86 per share bottom line.

Previous Quarter Performance

Golar LNG Limited posted loss for the second quarter of $ 1.59 per share, from the revenue of $ 102.24 million. The quarterly revenues escalated 3.62 percent compared with the same quarter last year. According to street consensus, GLNG was expected to report 2Q20 loss of $ 0.04 per share from revenue of $ 92.06 million. The top line results outshined analysts by $ 10.18 million or 11.06 percent.

Stock Performance

Shares of Golar LNG Limited traded low $ -0.34 or -3.30 percent on Friday, reaching $ 9.96 with volume of 871.70 thousand shares. Golar LNG Limited has traded high as $ 10.25 and has cracked $ 9.64 on the downward trend

According to the previous trading day, closing price of $ 9.96, representing a 126.87 % increase from the 52 week low of $ 4.54 and a 32.41 % decrease over the 52 week high of $ 15.24.

The company has a market capital of $ 974.09 million and is part of the Industrials sector and Shipping & Ports industry.

Conference Call

Golar LNG Limited will be hosting a conference call at 11:00 AM eastern time on 30th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.golarlng.com

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.