Tsakos Energy Navigation (NYSE: TNP) reported earnings on Friday. Here are the numbers you need to know.
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.
Revenue details
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.
EPS details
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.
Margin details
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.
Looking ahead
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.
Investor sentiment
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.
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