Tsakos Energy Navigation Ltd reports results for the quarter ended September 30 - Earnings Summary

Tsakos Energy Navigation

26/11/2024 14:31

* Tsakos Energy Navigation Ltd  TEN.N  reported quarterly
adjusted
earnings of 67 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 83 cents.  The mean expectation of two analysts
for the quarter was for earnings of 50 cents per share. Wall
Street expected results to range from 45 cents to 55 cents per
share.
    * Revenue rose 7.2% to $200.16 million from a year ago;
analysts
expected $154.39 million. 
    * Tsakos Energy Navigation Ltd's reported EPS for the
quarter was
67 cents​.
    * The company reported quarterly net income of $19.79
million.
    * Tsakos Energy Navigation Ltd shares had fallen by 20.8%
this
quarter and lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 68.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Tsakos Energy
Navigation Ltd is $28.00 
This summary was machine generated from LSEG data November 26 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.50           0.67           Beat
 Jun. 30 2024      1.24           2.36           Beat
 Mar. 31 2024      1.47           1.60           Beat
 Dec. 31 2023      1.72           0.85           Missed