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

Scorpio Tankers

30/07/2024 14:32

* Scorpio Tankers Inc  STNG.N  reported quarterly adjusted
earnings of $3.60​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $2.41.  The mean expectation of twelve analysts
for the quarter was for earnings of $3.48 per share. Wall Street
expected results to range from $2.75  to $3.93 per share.
    * Revenue rose 15.6% to $380.66 million from a year ago;
analysts
expected $367.11 million. 
    * Scorpio Tankers Inc's reported EPS for the quarter was
$4.34​.
    * The company reported quarterly net income of $227.32
million.
    * Scorpio Tankers Inc shares had fallen by 8.4% this
quarter and
gained 22.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 21% in
the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Scorpio Tankers
Inc is $94.00 
This summary was machine generated from LSEG data July 30 at
01:32 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
 Jun. 30 2024      3.48           3.97           Beat
 Mar. 31 2024      3.67           3.97           Beat
 Jan. 1 0001                      2.75           
 Sep. 30 2023      1.53           1.91           Beat