Nordic American Tankers
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Nordic American Tankers whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Gross margins increased, operating margins dropped, net margins expanded.
Nordic American Tankers notched revenue of $15.5 million. The four analysts polled by S&P Capital IQ looked for net sales of $22.0 million on the same basis. GAAP reported sales were 26% lower than the prior-year quarter's $20.8 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 -$0.44. The six earnings estimates compiled by S&P Capital IQ forecast -$0.35 per share. GAAP EPS were -$0.44 for Q3 versus -$0.80 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 -4.8%, 770 basis points better than the prior-year quarter. Operating margin was -140.7%, 4,020 basis points worse than the prior-year quarter. Net margin was -151.0%, 3,020 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $21.7 million. On the bottom line, the average EPS estimate is -$0.31.
Next year's average estimate for revenue is $102.0 million. The average EPS estimate is -$1.05.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 906 members out of 954 rating the stock outperform, and 48 members rating it underperform. Among 165 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 152 give Nordic American Tankers a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordic American Tankers is underperform, with an average price target of $12.14.
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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.