Nordic American Tankers Earnings Are on Deck
Nordic American Tankers (NYS: 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.
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.
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.
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.
The full year's average estimate for revenue is $100.4 million. The average EPS estimate is -$1.02.
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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The article Nordic American Tankers Earnings Are on Deck 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. 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.
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