Tsakos Energy Navigation
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Tsakos Energy Navigation crushed expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP loss per share shrank.
Margins grew across the board.
Tsakos Energy Navigation booked revenue of $92.4 million. The three analysts polled by S&P Capital IQ foresaw net sales of $67.0 million on the same basis. GAAP reported sales were 1.5% lower than the prior-year quarter's $93.9 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 -$0.18. The five earnings estimates compiled by S&P Capital IQ predicted -$0.19 per share. GAAP EPS were -$0.18 for Q3 versus -$0.52 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 35.9%, 950 basis points better than the prior-year quarter. Operating margin was 0.9%, 1,080 basis points better than the prior-year quarter. Net margin was -11.2%, 1,440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $72.5 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $274.6 million. The average EPS estimate is -$0.63.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 740 members out of 766 rating the stock outperform, and 26 members rating it underperform. Among 163 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 154 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 $8.26.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Tsakos Energy Navigation to My Watchlist.