Nordic American Tanker Ltd expected to post a loss of 3  cents a share - Earnings Preview

Nordic American Tankers

26/08/2022 14:31

* Nordic American Tanker Ltd  NAT.N   NAT  is expected
to show a
rise in quarterly revenue when it reports  results on August 29
(estimated). 
    * The Hamilton Bermuda-based   company is expected to report
 a
140.3% increase in revenue to $40.243 million from $16.75
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Nordic American
Tanker
Ltd is for a loss of 3 cents per share. For the same quarter
last year, the company reported a loss of 18 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Nordic
American
Tanker Ltd is $2.75​, above​ its last closing price of $2.71.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -0.12       -0.12      -0.14     Missed  -12
 Dec. 31 2022  -0.12       -0.12      -0.12     Met     -2.4
 Sep. 30 2021  -0.22       -0.21      -0.27     Missed  -29.5​
 Jun. 30 2021  -0.18       -0.17      -0.18     Missed  -8
 ​​Mar.        -0.17       -0.17      -0.16     Beat    4.8
 31 2021                                                
 Dec. 31 2020  -0.17       -0.18      -0.19     Missed  -7.5​
 Sep. 30 2020  -0.04       -0.04      -0.07     Missed  -62.8
 Jun. 30 2020  0.28        0.28       0.33      Beat    18.6
 This summary was machine generated August 26 at 13:31 GMT.  All
figures in US dollars  unless otherwise stated