Tsakos Energy Navigation (NYSE: TNP ) is expected to report Q4 earnings around March 14. 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 -32.8% and EPS will remain in the red.
The average estimate for revenue is $67.8 million. On the bottom line, the average EPS estimate is -$0.18.
Last quarter, Tsakos Energy Navigation chalked up revenue of $92.4 million. 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.
Last quarter, EPS came in at -$0.18. GAAP EPS were -$0.18 for Q3 against -$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 preceding quarter, gross margin was 35.9%, 950 basis points better than the prior-year quarter. Operating margin was 0.9%, much better than the prior-year quarter. Net margin was -11.2%, much better than the prior-year quarter.
The full year's average estimate for revenue is $288.2 million. The average EPS estimate is -$0.65.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 737 members out of 761 rating the stock outperform, and 24 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 146 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.
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