Pyxis Tankers Inc PXS.OQ reported quarterly adjusted earnings of 7 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 30 cents. The lone analyst forecast for the quarter was for earnings of 9 cents per share.
Revenue fell 34.2% to $9.15 million from a year ago; analysts expected $11.26 million.
Pyxis Tankers Inc shares had risen by 7.1% this quarter and lost 23.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 58.9% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the marine freight & logistics peer group is also "buy"
Wall Street's median 12-month price target for Pyxis Tankers Inc is $9.00, about 66.7% above its last closing price of $3.00
This summary was machine generated from LSEG data August 8 at 02:21 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)