CMB.TECH NV reports results for the quarter ended in September 30 - Earnings Summary

CMB.TECH NV

07/11/2024 17:22

* CMB.TECH NV  CMBT.BR  reported quarterly adjusted earnings
of 18
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 57
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 18 cents per share. Wall Street expected
results to range from 9 cents to 28 cents per share.
    * Revenue fell 20.3% to $221.84 million from a year ago;
analysts
expected $204.67 million. 
    * CMB.TECH NV's reported EPS for the quarter was 49 cents​.
    * The company reported quarterly net income of $98.08
million.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "hold"

Wall Street's median 12-month price target for CMB.TECH NV is
€16.10 
This summary was machine generated from LSEG data November 7 at
05:22 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.18           0.18           Met
 Jun. 30 2024      0.27           0.95           Beat
 Mar. 31 2024      0.56           2.46           Beat
 Dec. 31 2023      0.50           2.03           Beat