TORM Revised FY23 TCE Earnings $1.050B-$1.175B (Vs. $1.025B-1.375B Prior), EBITDA $775M-$900M (Vs. $750M-$1.100B Prior)
Portfolio Pulse from Benzinga Newsdesk
TORM has revised its FY23 TCE earnings to $1.050B-$1.175B, a slight increase from the previous estimate of $1.025B-1.375B. The company also adjusted its EBITDA to $775M-$900M, down from the prior $750M-$1.100B.
August 17, 2023 | 9:50 am
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NEUTRAL IMPACT
TORM's revised FY23 TCE earnings and EBITDA may impact TRMD's stock price. The earnings estimate has slightly increased while the EBITDA estimate has decreased.
TORM's revised earnings and EBITDA estimates may have a mixed impact on TRMD's stock price. The slight increase in earnings estimate is positive, but the decrease in EBITDA estimate may be seen negatively by investors. The net effect is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100