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

Nordic American Tankers

29/05/2024 20:16

* Nordic American Tankers Ltd  NAT.N  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 22 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 9 cents to 11 cents per share.
    * Revenue fell 30.5% to $60.57 million from a year ago;
analysts
expected $76.56 million. 
    * Nordic American Tankers Ltd's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $15.06
million.
    * Nordic American Tankers Ltd shares had risen by 7.9% this
quarter and gained 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $5.00 
This summary was machine generated from LSEG data May 29 at
07:16 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
 Jan. 1 0001       0.10           0.07           Missed
 Dec. 31 2023      0.13           0.08           Missed
 Sep. 30 2023      0.05           0.04           Missed
 Jun. 30 2023      0.13           0.13           Met