Nordic American Tankers Q4 EPS $0.08 Misses $0.13 Estimate, Sales $59.25M Miss $68.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nordic American Tankers (NAT) reported Q4 earnings of $0.08 per share, missing the $0.13 estimate, and sales of $59.25M, missing the $68.69M estimate. This represents a decrease from the previous year's earnings and sales.
February 29, 2024 | 10:57 am
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Nordic American Tankers reported lower than expected Q4 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially with a notable decrease from the previous year's performance, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100