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

Scorpio Tankers

02/08/2023 14:33

* Scorpio Tankers Inc  STNG.N  reported quarterly adjusted
earnings of $2.41​​ per share for the quarter ended in June. The
mean expectation of eleven analysts for the quarter was
for earnings of $2.47 per share.
    * Revenue fell 18.7% to $329.30 million from a year ago;
analysts
expected $340.73 million. 
    * Scorpio Tankers Inc's reported EPS for the quarter was
$2.40​.
    * The mean earnings estimate of analysts had fallen by
about 12.7%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Scorpio Tankers Inc shares had risen by 0.4% this
quarter and
lost 11.8% so far this year.
    * The company reported quarterly net income of $132.4
million.
    * Wall Street's median 12-month price target for Scorpio
Tankers
Inc is $74.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.47           2.41           Missed
 Mar. 31 2023      3.25           3.31           Beat
 Dec. 31 2022      4.29           4.24           Missed
 Sep. 30 2022      3.95           4.81           Beat