Nordic American Tankers
The 10-second takeaway
For the quarter ended June 30 (Q2), Nordic American Tankers beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share dropped.
Margins improved across the board.
Nordic American Tankers notched revenue of $28.5 million. The three analysts polled by S&P Capital IQ anticipated net sales of $24.2 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $23.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.15. The five earnings estimates compiled by S&P Capital IQ predicted -$0.23 per share. GAAP EPS were -$0.15 for Q2 against -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.1%, 10 basis points better than the prior-year quarter. Operating margin was -25.2%, 1,500 basis points better than the prior-year quarter. Net margin was -27.8%, 1,420 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $21.0 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $98.8 million. The average EPS estimate is -$0.60.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 919 members out of 963 rating the stock outperform, and 44 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 155 give Nordic American Tankers a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordic American Tankers is hold, with an average price target of $15.25.
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