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

Torm

18/08/2022 13:00

* Torm PLC  TRMDa.CO  reported quarterly adjusted earnings
of
$1.31​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of $1.08 per
share.
    * Revenue rose 124.5% to $338.50 million from a year ago;
analysts
expected $183.50 million. 
    * Torm PLC's reported EPS for the quarter was $1.31​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Torm PLC shares had risen by 44.3% this quarter and
gained 145.6% so far this year.
    * The company reported quarterly net income of $106.6
million.
    * Wall Street's median 12-month price target for Torm PLC is
$19.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 18
at 12:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.08           1.31           Beat
 Mar. 31 2022      0.07           0.12           Beat
 Dec. 31 2021      -0.13          -0.10          Beat
 Sep. 30 2021      -0.17          -0.19          Missed