Nordic American Tankers
The 10-second takeaway
For the quarter ended June 30 (Q2), Nordic American Tankers beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share dropped.
Margins improved across the board.
Nordic American Tankers notched revenue of $28.5 million. The three analysts polled by S&P Capital IQ anticipated net sales of $24.2 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $23.8 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 -$0.15. The five earnings estimates compiled by S&P Capital IQ predicted -$0.23 per share. GAAP EPS were -$0.15 for Q2 against -$0.21 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 45.1%, 10 basis points better than the prior-year quarter. Operating margin was -25.2%, 1,500 basis points better than the prior-year quarter. Net margin was -27.8%, 1,420 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $21.0 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $98.8 million. The average EPS estimate is -$0.60.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 919 members out of 963 rating the stock outperform, and 44 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 155 give Nordic American Tankers a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordic American Tankers is hold, with an average price target of $15.25.
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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. The Motley Fool has no positions in the stocks mentioned above. 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.