Scorpio Tankers Inc reports results for the quarter ended in September 30 - Earnings Summary

Scorpio Tankers

29/10/2024 14:18

* Scorpio Tankers Inc  STNG.N  reported quarterly adjusted
earnings of $1.75​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $1.91.  The mean expectation of
thirteen analysts for the quarter was for earnings of $2.10 per
share. Wall Street expected results to range from $1.34 
to $3.31 per share.
    * Revenue fell 8% to $267.99 million from a year ago;
analysts
expected $290.84 million. 
    * Scorpio Tankers Inc's reported EPS for the quarter was
$3.16​.
    * The company reported quarterly net income of $158.71
million.
    * Scorpio Tankers Inc shares had fallen by 14.5% this
quarter and
gained 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"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 $90.00 
This summary was machine generated from LSEG data October 29 at
02:18 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
 Sep. 30 2024      2.10           1.75           Missed
 Jun. 30 2024      3.48           3.60           Beat
 Mar. 31 2024      3.67           3.97           Beat
 Dec. 31 2023      2.63           2.75           Beat