Nordic American Tankers Ltd reports results for the quarter ended in December - Earnings Summary

Nordic American Tankers

01/03/2024 23:43

* Nordic American Tankers Ltd  NAT.N  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 17 cents.  The mean expectation of
four analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 8 cents to 14
cents per share.
    * Revenue fell 16.7% to $59.25 million from a year ago;
analysts
expected $63.34 million. 
    * Nordic American Tankers Ltd's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $17.5
million.
    * Nordic American Tankers Ltd shares had fallen by 3.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.3%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Nordic American
Tankers Ltd is $5.50 
This summary was machine generated from LSEG data March 1 at
11:42 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
 Dec. 31 2023      0.10           0.08           Missed
 Sep. 30 2023      0.05           0.04           Missed
 Jun. 30 2023      0.13           0.13           Met
 Mar. 31 2023      0.20           0.22           Beat