Nordic American Tankers
The 10-second takeaway
For the quarter ended March 31 (Q1), Nordic American Tankers whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP loss per share increased. GAAP loss per share grew.
Margins shrank across the board.
Nordic American Tankers tallied revenue of $17.3 million. The four analysts polled by S&P Capital IQ foresaw sales of $21.6 million on the same basis. GAAP reported sales were 43% lower than the prior-year quarter's $30.5 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 -$0.43. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.26 per share. Non-GAAP EPS were -$0.43 for Q1 compared to -$0.18 per share for the prior-year quarter. GAAP EPS were -$0.59 for Q1 against -$0.18 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 6.5%, much worse than the prior-year quarter. Operating margin was -120.5%, much worse than the prior-year quarter. Net margin was -187.6%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $23.5 million. On the bottom line, the average EPS estimate is -$0.31.
Next year's average estimate for revenue is $90.2 million. The average EPS estimate is -$1.26.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 904 members out of 949 rating the stock outperform, and 45 members rating it underperform. Among 144 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Nordic American Tankers a green thumbs-up, and nine 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 $9.13.
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