Scorpio Tankers Inc reports results for the quarter ended in December - Earnings Summary

Scorpio Tankers

14/02/2024 14:31

* Scorpio Tankers Inc  STNG.N  reported quarterly adjusted
earnings of $2.75​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $4.24.  The mean expectation of twelve analysts for the
quarter was for earnings of $2.63 per share. Wall Street
expected results to range from $2.13  to $3.09 per share.
    * Revenue fell 31.9% to $336.31 million from a year ago;
analysts
expected $334.98 million. 
    * Scorpio Tankers Inc's reported EPS for the quarter was
$2.34​.
    * The company reported quarterly net income of $120.89
million.
    * Scorpio Tankers Inc shares had risen by 10.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Scorpio
Tankers
Inc is $79.00 

This summary was machine generated from LSEG data February 14 at
02:30 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      2.63           2.75           Beat
 Sep. 30 2023      1.53           1.91           Beat
 Jun. 30 2023      2.47           2.41           Missed
 Mar. 31 2023      3.25           3.31           Beat