Earnings Preview For Scorpio Tankers
Portfolio Pulse from Benzinga Insights
Scorpio Tankers (NYSE:STNG) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $2.38. The company's past performance shows a pattern of share price drops following earnings beats. The stock was trading at $47.04 as of July 31, with a 52-week increase of 17.61%.
August 04, 2023 | 9:22 am
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Scorpio Tankers is expected to report an EPS of $2.38 in its upcoming earnings. The company's stock has a history of price drops following earnings beats.
Scorpio Tankers has a history of its share price dropping following earnings beats. Given that analysts are predicting an EPS of $2.38, if the company beats this estimate, it could potentially lead to a short-term drop in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100