Torm PLC reports results for the quarter ended in December - Earnings Summary

Torm

16/03/2023 15:00

* Torm PLC  TRMDa.CO  reported quarterly adjusted earnings
of
$2.73​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
$2.39 per share.
    * Revenue rose 136.6% to $447.35 million from a year ago;
analysts
expected $308.40 million. 
    * Torm PLC's reported EPS for the quarter was $2.73​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Torm PLC shares had risen by 8.8% this quarter.
    * The company reported quarterly net income of $228.47
million.
    * Wall Street's median 12-month price target for Torm PLC is
$34.46 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 16 at 03:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.39           2.73           Beat
 Sep. 30 2022      2.38           2.63           Beat
 Jun. 30 2022      1.08           1.31           Beat
 Mar. 31 2022      0.07           0.12           Beat