Nordic American Tankers Earnings Are on Deck

Checking expectations

Seth Jayson
Seth Jayson
May 8, 2013 at 12:00AM
Other

Nordic American Tankers (NYSE: NAT) is expected to report Q1 earnings on May 13. 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 wane -29.0% and EPS will remain in the red.

The average estimate for revenue is $21.6 million. On the bottom line, the average EPS estimate is -$0.26.

Revenue details
Last quarter, Nordic American Tankers recorded revenue of $17.5 million. GAAP reported sales were much higher than the prior-year quarter's $24.6 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, non-GAAP EPS came in at -$0.39. GAAP EPS were -$0.61 for Q4 versus -$0.37 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 2.7%, much worse than the prior-year quarter. Operating margin was -32.5%, much better than the prior-year quarter. Net margin was -57.9%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $100.4 million. The average EPS estimate is -$1.02.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 902 members out of 947 rating the stock outperform, and 45 members rating it underperform. Among 157 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Nordic American Tankers a green thumbs-up, and 10 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 $9.71.

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