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

Torm

17/08/2023 13:01

* Torm PLC  TRMDa.CO  reported quarterly adjusted earnings
of
$2.14​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of $2.03 per share.
    * Revenue rose 13.5% to $384.30 million from a year ago;
analysts
expected $349.53 million. 
    * Torm PLC's reported EPS for the quarter was $2.14​.
    * The mean earnings estimate of analysts had risen by
about 6.2%
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 10.8% this quarter and
lost 8.2% so
far this year.
    * The company reported quarterly net income of $185.8
million.
    * Wall Street's median 12-month price target for Torm PLC is
DKK250.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 17 at 12:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.03           2.14           Beat
 Mar. 31 2023      2.23           1.80           Missed
 Dec. 31 2022      2.39           2.73           Beat
 Sep. 30 2022      2.38           2.63           Beat