Tsakos Energy Navigation
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Tsakos Energy Navigation beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP loss per share expanded.
Margins dropped across the board.
Tsakos Energy Navigation chalked up revenue of $100.8 million. The three analysts polled by S&P Capital IQ looked for sales of $93.5 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $95 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.37. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.42 per share on the same basis. GAAP EPS were -$1.23 for Q4 compared to -$0.06 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 32%, 1,500 basis points worse than the prior-year quarter. Operating margin was -3.1%, 1,610 basis points worse than the prior-year quarter. Net margin was -56.1%, 5,330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $96.5 million. On the bottom line, the average EPS estimate is -$0.19.
Next year's average estimate for revenue is $362.4 million. The average EPS estimate is -$0.72.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 753 members rating the stock outperform and 21 members rating it underperform. Among 196 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 188 give Tsakos Energy Navigation a green thumbs-up, and eight 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 $7.60.
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.
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.