Nordic American Tankers Ltd expected to post earnings of 8 cents a share - Earnings Preview

Nordic American Tankers

27/08/2024 13:45

* Nordic American Tankers Ltd  NAT.N   NAT  is expected
to show a
fall in quarterly revenue when it reports  results on August 29
for the period ending June 30 2024
    * The Hamilton Bermuda-based   company is expected to report
a
9.9% decrease in revenue to $61.06 million from $67.8 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Nordic American Tankers
Ltd is
for earnings of 8 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Nordic
American
Tankers Ltd is $5.00​, above​ its last closing price of $3.65.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.10        0.10       0.07      Missed  -32.5
 Dec. 31 2024  0.13        0.13       0.08      Missed  -38.3
 Sep. 30 2023  0.03        0.05       0.04      Missed  -14​
 Jun. 30 2023  0.14        0.13       0.13      Met     -1.9
 ​​Mar.        0.22        0.20       0.22      Beat    8.5
 31 2023                                                
 Dec. 31 2022  0.19        0.20       0.17      Missed  -13.2​
 Sep. 30 2022  0.07        0.06       0.05      Missed  -16.7
 Jun. 30 2022  -0.03       -0.03      -0.02     Beat    41.6
 This summary was machine generated August 27 at 12:45 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)