Nordic American Tankers Misses Where it Counts
Nordic American Tankers (NYS: NAT) reported earnings on Feb. 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nordic American Tankers beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share increased.
Margins contracted across the board.
Nordic American Tankers logged revenue of $17.5 million. The four analysts polled by S&P Capital IQ wanted to see net sales of $16.9 million on the same basis. GAAP reported sales were 29% lower 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 came in at -$0.39. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.38 per share. GAAP EPS were -$0.61 for Q4 against -$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.
For the quarter, gross margin was 8.6%, 710 basis points worse than the prior-year quarter. Operating margin was -104.1%, 3,120 basis points worse than the prior-year quarter. Net margin was -185.6%, 11,390 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $19.7 million. On the bottom line, the average EPS estimate is -$0.13.
Next year's average estimate for revenue is $90.8 million. The average EPS estimate is -$0.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 907 members out of 954 rating the stock outperform, and 47 members rating it underperform. Among 172 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 158 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 $9.71.
Is Nordic American Tankers 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.
- Add Nordic American Tankers to My Watchlist.
The article Nordic American Tankers Misses Where it Counts originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.