Nordic American Tankers (NAT) got here out with a quarterly lack of $0.07 per share versus the Zack
Nordic American Tankers (NAT) got here out with a quarterly lack of $0.07 per share versus the Zacks Consensus Estimate of a lack of $0.06. This compares to lack of $0.10 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -16.67%. 1 / 4 in the past, it was anticipated that this tanker firm would submit earnings of $0.28 per share when it really produced earnings of $0.33, delivering a shock of 17.86%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Nordic American Tankers, which belongs to the Zacks Transportation – Transport trade, posted revenues of $37.29 million for the quarter ended September 2020, lacking the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $32.35 million. The corporate has topped consensus income estimates two occasions during the last 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Nordic American Tankers shares have misplaced about 33.7% because the starting of the yr versus the S&P 500’s achieve of 12.3%.
What’s Subsequent for Nordic American Tankers?
Whereas Nordic American Tankers has underperformed the market up to now this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a powerful monitor report of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Nordic American Tankers was unfavorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the whole listing of at present’s Zacks #1 Rank (Robust Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.01 on $47.80 million in revenues for the approaching quarter and $0.54 on $266.29 million in revenues for the present fiscal yr.
Buyers must be conscious of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Transportation – Transport is at the moment within the backside 17% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Nordic American Tankers Restricted (NAT): Free Inventory Evaluation Report
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