Tsakos Energy Navigation (NYSE: TNP ) is expected to report Q3 earnings on Nov. 21. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Tsakos Energy Navigation's revenues will contract -28.6% and EPS will remain in the red.
The average estimate for revenue is $67.0 million. On the bottom line, the average EPS estimate is -$0.19.
Last quarter, Tsakos Energy Navigation logged revenue of $73.5 million. GAAP reported sales were 2.2% lower than the prior-year quarter's $101.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.10. GAAP EPS were -$0.10 for Q2 compared to -$0.39 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 preceding quarter, gross margin was 40.5%, 770 basis points better than the prior-year quarter. Operating margin was 10.1%, 1,070 basis points better than the prior-year quarter. Net margin was -5.8%, 1,210 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $274.8 million. The average EPS estimate is -$0.62.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 738 members out of 762 rating the stock outperform, and 24 members rating it underperform. Among 165 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 156 give Tsakos Energy Navigation a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tsakos Energy Navigation is outperform, with an average price target of $9.40.
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