Knightsbridge Tankers Limited
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Knightsbridge Tankers Limited beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins increased across the board.
Knightsbridge Tankers Limited booked revenue of $24.9 million. The three analysts polled by S&P Capital IQ predicted a top line of $23.7 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $21.6 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 $0.39. The five earnings estimates compiled by S&P Capital IQ forecast $0.36 per share. GAAP EPS of $0.39 for Q4 were 56% higher than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 70.6%, 650 basis points better than the prior-year quarter. Operating margin was 43.8%, 940 basis points better than the prior-year quarter. Net margin was 38.0%, 1,020 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $21.3 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $84.0 million. The average EPS estimate is $1.17.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Knightsbridge Tankers Limited is hold, with an average price target of $17.13.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.