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

Scorpio Tankers

09/05/2024 14:53

* Scorpio Tankers Inc  STNG.N  reported quarterly adjusted
earnings of $3.97​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $3.31.  The mean expectation of eleven analysts
for the quarter was for earnings of $3.67 per share. Wall Street
expected results to range from $3.09  to $3.99 per share.
    * Revenue rose 1.8% to $391.34 million from a year ago;
analysts
expected $382.58 million. 
    * Scorpio Tankers Inc's reported EPS for the quarter was
$4.11​.
    * The company reported quarterly net income of $214.19
million.
    * Scorpio Tankers Inc shares had risen by 5.4% this
quarter and
gained 24.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.3%
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 12 "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 $86.50 

This summary was machine generated from LSEG data May 9 at 01:52
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
 Mar. 31 2024      3.67           3.97           Beat
 Dec. 31 2023      2.63           2.75           Beat
 Sep. 30 2023      1.53           1.91           Beat
 Jun. 30 2023      2.47           2.41           Missed