Torm PLC expected to post earnings of $1.22 a share - Earnings Preview

Torm

06/11/2024 13:51

* Torm PLC  TRMDa.CO   is expected to show a fall in
quarterly
revenue when it reports  results on November 7 for the period
ending September 30 2024
    * The London United Kingdom-based   company is expected to
report
a 24.3% decrease in revenue to $271.048 million from $358.1
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Torm PLC is for earnings
of
$1.22 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Torm PLC is
$40.00​, above​ its last closing price of $24.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.07        2.02       2.02      Met     0
 Mar. 31 2024  2.05        2.03       2.26      Beat    11.3
 Dec. 31 2023  1.74        1.75       2.10      Beat    20.3​
 Sep. 30 2023  1.21        1.32       1.42      Beat    7.3
 ​​Jun.        2.04        2.03       2.14      Beat    5.7
 30 2023                                                
 Jan. 1 0001   2.23        2.23       1.80      Missed  -19.3​
 Jan. 1 0001               2.39       2.73      Beat    14.2
 Sep. 30 2022  2.40        2.38       2.63      Beat    10.7
 This summary was machine generated November 6 at 13:50 GMT.  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)