What Does Wall Street See for Nordic American Tankers's Q4?

Checking expectations

Seth Jayson
Seth Jayson
Feb 6, 2013 at 12:00AM
Other

Nordic American Tankers (NYSE: NAT) is expected to report Q4 earnings on Feb. 11. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Nordic American Tankers's revenues will contract -12.4% and EPS will remain in the red.

The average estimate for revenue is $16.9 million. On the bottom line, the average EPS estimate is -$0.38.

Revenue details
Last quarter, Nordic American Tankers logged revenue of $15.5 million. 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 details
Last quarter, EPS came in at -$0.44. GAAP EPS were -$0.44 for Q3 against -$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.

Recent performance
For the preceding 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.

Looking ahead

The full year's average estimate for revenue is $92.0 million. The average EPS estimate is -$1.17.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 906 members out of 953 rating the stock outperform, and 47 members rating it underperform. Among 176 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Nordic American Tankers a green thumbs-up, and 14 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 $12.14.

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