Tsakos Energy Navigation
The 10-second takeaway
For the quarter ended March 31 (Q1), Tsakos Energy Navigation beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew.
Margins grew across the board.
Tsakos Energy Navigation chalked up revenue of $73.2 million. The two analysts polled by S&P Capital IQ looked for a top line of $67.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.02. The five earnings estimates compiled by S&P Capital IQ predicted -$0.08 per share. GAAP EPS were $0.02 for Q1 compared to -$0.19 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 41.6%, 900 basis points better than the prior-year quarter. Operating margin was 9.8%, 880 basis points better than the prior-year quarter. Net margin was 1.0%, 960 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $70.5 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $289.2 million. The average EPS estimate is -$0.04.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 735 members out of 761 rating the stock outperform, and 26 members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 126 give Tsakos Energy Navigation a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tsakos Energy Navigation is hold, with an average price target of $5.32.
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