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

Torm

11/05/2023 13:00

* Torm PLC  TRMDa.CO  reported quarterly adjusted earnings
of
$1.80​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
$2.23 per share.
    * Revenue rose 86.3% to $390.20 million from a year ago;
analysts
expected $270.60 million. 
    * Torm PLC's reported EPS for the quarter was $1.80​.
    * The mean earnings estimate of analysts had risen by
about 61.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Torm PLC shares had fallen by 3.3% this quarter and
gained 3.2%
so far this year.
    * The company reported quarterly net income of $153.6
million.
    * Wall Street's median 12-month price target for Torm PLC is
$42.00 
    * 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 May
11 at 12:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.23           1.80           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