Earnings Poll: BW LPG Q4 EBITDA seen up 64 percent

BW LPG

26/02/2019 11:45

* BW LPG fourth-quarter results
    * Due on Thursday, Feb 28
    * Q4 TCE revenue seen at $91.4 million

    Feb 26 - Following is a table of forecasts for Oslo-listed LPG carriers
operator  BWLPG.OL  fourth-quarter results, according to a poll of analysts. 
    All figures in millions of USD, except EPS, Dividend per share and VLGC Spot
Rate which are in USD.
    
 2018:Q4                                                  Yr   Chang        
                    Mean  Median    High     Low  No     Ago      e%  Prev.Q
 TCE revenue        91.4    97.0     107    68.0   5    79.3   15.22    81.8
 EBITDA             42.5    50.0    56.6    20.0   5    25.9   64.14    35.0
 EBIT Adjusted      17.6    25.0    32.5   -5.00   5   -5.00     n/a    9.60
 Total one-off      0.00    0.00    0.00    0.00   5   -1.90     n/a    0.00
 items                                                                
 EBIT               17.6    25.0    32.5   -5.00   5   -6.90     n/a    9.60
 Pretax Profit      5.43    13.0    20.2   -18.0   5   -18.6     n/a   -2.60
 Net profit         5.26    12.0    20.2   -18.0   5   -19.8     n/a   -2.80
 EPS                0.03    0.08    0.14   -0.13   5   -0.14     n/a   -0.02
 VLGC Spot Rate   23,587  23,332  25,126  22,560   4  17,800   32.51  20,200
    
 2018                                                     Yr   Chang
                    Mean  Median    High     Low  No     Ago      e%
 TCE revenue         307     313     323     284   5     335   -8.32
 EBITDA              111     118     125    88.0   5     126  -11.81
 EBIT Adjusted      9.82    17.4    24.9   -12.6   5   -1.80     n/a
 Total one-off      5.70    5.70    5.70    5.70   5    5.30    7.55
 items                                                        
 EBIT               15.5    23.1    30.6   -6.90   5    3.50  343.54
 Pretax Profit     -32.6   -25.0   -17.8   -56.0   5   -44.3   26.47
 Net profit        -32.1   -25.4   -17.2   -55.4   5   -42.7   24.73
 EPS               -0.23   -0.18   -0.12   -0.39   5   -0.30   24.67
 Dividend per       0.03    0.00    0.10    0.00   3    0.00       0
 share                                                        
 VLGC Spot Rate   18,658  18,681  18,772  18,500   4  18,600    0.31
  
 2019                                               
                    Mean  Median    High     Low  No
 TCE revenue         423     363     573     332   3
 EBITDA              242     180     388     158   3
 EBIT Adjusted       145    80.0     296    59.0   3
 Total one-off     -1.00    0.00    0.00   -3.00   3
 items                                            
 EBIT                144    80.0     296    56.0   3
 Pretax Profit      99.3    40.0     250    8.00   3
 Net profit         99.0    40.0     250    7.00   3
 EPS                0.70    0.28    1.76    0.05   3
 Dividend per       0.05    0.05    0.10    0.00   2
 share                                            
 VLGC Spot Rate   28,969  28,969  35,482  22,456   2
  
 2020                                               
                    Mean  Median    High     Low  No
 TCE revenue         537     457     712     443   3
 EBITDA              350     271     522     258   3
 EBIT Adjusted       254     171     432     159   3
 Total one-off     -1.00    0.00    0.00   -3.00   3
 items                                            
 EBIT                253     171     432     156   3
 Pretax Profit       211     136     391     106   3
 Net profit          211     136     391     106   3
 EPS                1.49    0.96    2.76    0.75   3
 Dividend per       1.32    1.32    2.25    0.39   2
 share                                            
 VLGC Spot Rate   35,407  35,407  42,867  27,946   2
  
ANALYST RECOMMENDATIONS
Of the four analysts who disclosed their recommendation on the BW LPG stock,
four answered Positive.
    
- The following brokerages and investment banks participated in the poll:
 Firm                    Outlook
 Drewry                  Overweight
 Anonymous               Buy
 Kepler Cheuvreux        Buy
 Fearnley Securities     Buy
    
Estimates were collected from 2019-01-18 to 2019-02-26

Data provided by Infront Data (www.consensusestimates.com)

 (Gdynia Newsroom)
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