Tsakos Energy Navigation Beats on Both Top and Bottom Lines

Just the facts, Fool.

Seth Jayson
Seth Jayson
May 25, 2013 at 12:00AM
Other

Tsakos Energy Navigation (NYSE: TNP) reported earnings on May 24. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.)


Related Articles

Looking ahead
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.

Investor sentiment
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.

Is Tsakos Energy Navigation the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.