Scorpio Tankers Q2 EPS $2.41 Beats $2.38 Estimate, Sales $329.30M Miss $332.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers (NYSE:STNG) reported Q2 earnings of $2.41 per share, beating the analyst consensus estimate of $2.38 by 1.26%. However, this is a 23% decrease from the same period last year. The company's quarterly sales were $329.30 million, missing the analyst consensus estimate of $332.31 million by 0.91%, and marking an 18.71% decrease from the same period last year.
August 04, 2023 | 10:53 am
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NEGATIVE IMPACT
Scorpio Tankers' Q2 earnings beat estimates but were down YoY. Sales also missed estimates and were down YoY.
Scorpio Tankers' Q2 earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100