Nordic American Tankers Ltd expected to post earnings of 13 cents a share - Earnings Preview

Nordic American Tankers

23/02/2024 14:13

* Nordic American Tankers Ltd  NAT.N   NAT  is expected
to show a
fall in quarterly revenue when it reports  results on February
26 (estimated) for the period ending December 31 2023
    * The Hamilton Bermuda-based   company is expected to report
a
3.4% decrease in revenue to $68.686 million from $71.1 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Nordic American Tankers
Ltd is
for earnings of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Nordic
American
Tankers Ltd is $5.50​, above​ its last closing price of $4.11.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.03        0.05       0.04      Missed  -14
 Jun. 30 2023  0.14        0.13       0.13      Met     -1.9
 Mar. 31 2023  0.22        0.20       0.22      Beat    8.5​
 Dec. 31 2022  0.19        0.20       0.17      Missed  -13.2
 ​​Sep.        0.07        0.06       0.05      Missed  -16.7
 30 2022                                                
 Jun. 30 2022  -0.03       -0.03      -0.02     Beat    41.6​
 Mar. 31 2022  -0.12       -0.12      -0.14     Missed  -12
 Dec. 31 2021  -0.12       -0.12      -0.12     Met     -2.4
 This summary was machine generated February 23 at 14:13 GMT. 
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)