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Shares of Israeli defense contractor and radar specialist
Rada Electronic (NASDAQ:RADA) jumped 10% in afternoon trading on the Nasdaq Monday. There s no news to explain the jump.yet.
But that could change on Wednesday.
Image source: Getty Images.
So what
Rada announced late last week that it will report its fiscal fourth-quarter and full-year 2020 earnings on the morning of Wednesday, Feb. 10. Management didn t give any hints as to whether the news will be good or bad, but analysts seem pretty sure about what the earnings will reveal.
According to predictions compiled by Yahoo! Finance, analysts are looking for Rada to report a $0.05 per-share profit for Q4, reversing the company s year-ago loss. Sales are expected to simply explode up 60% year over year to $22.7 million.