Ship Finance International (NYSE: SFL ) is expected to report Q3 earnings around Nov. 23. 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 Ship Finance International's revenues will increase 26.1% and EPS will decrease -17.5%.
The average estimate for revenue is $92.4 million. On the bottom line, the average EPS estimate is $0.33.
Last quarter, Ship Finance International logged revenue of $83.6 million. GAAP reported sales were 28% lower than the prior-year quarter's $73.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.84. GAAP EPS of $0.77 for Q2 were 48% higher than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 59.2%, 1,370 basis points worse than the prior-year quarter. Operating margin was 30.4%, 2,210 basis points worse than the prior-year quarter. Net margin was 114.9%, 5,850 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $312.8 million. The average EPS estimate is $1.65.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 503 members out of 529 rating the stock outperform, and 26 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Ship Finance International a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ship Finance International is outperform, with an average price target of $17.62.
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