Tsakos Power (TNP) got here out with a quarterly lack of $0.55 per share versus the Zacks Consensus
Tsakos Power (TNP) got here out with a quarterly lack of $0.55 per share versus the Zacks Consensus Estimate of a lack of $0.32. This compares to lack of $1.10 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -71.88%. 1 / 4 in the past, it was anticipated that this oil and gasoline transport firm would put up earnings of $2.11 per share when it really produced earnings of $2.02, delivering a shock of -4.27%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Tsakos, which belongs to the Zacks Transportation – Delivery trade, posted revenues of $105.59 million for the quarter ended September 2020, lacking the Zacks Consensus Estimate by 2.44%. This compares to year-ago revenues of $100.87 million. The corporate has not been capable of beat consensus income estimates over the past 4 quarters.
The sustainability of the inventory’s quick worth motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Tsakos shares have misplaced about 63.3% because the starting of the yr versus the S&P 500’s acquire of 10.1%.
What’s Subsequent for Tsakos?
Whereas Tsakos has underperformed the market up to now this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Tsakos was unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Sturdy 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 entire listing of immediately’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.59 on $114.50 million in revenues for the approaching quarter and $1.53 on $519 million in revenues for the present fiscal yr.
Buyers needs to be aware of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Transportation – Delivery is presently within the backside 12% of the 250 plus Zacks industries. Our analysis reveals 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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Tsakos Power Navigation Ltd (TNP): Free Inventory Evaluation Report
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