Recap: Nordic American Tankers Q4 Earnings
Portfolio Pulse from Benzinga Insights
Nordic American Tankers (NYSE:NAT) reported Q4 earnings with an EPS of $0.08, missing estimates by -38.0% against an expected $0.13. Revenue decreased by $11.84 million from the same period last year. The company's past earnings performance shows a pattern of missed EPS estimates leading to a drop in share price the following day.
February 29, 2024 | 12:55 pm
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Nordic American Tankers reported a significant miss in Q4 earnings with an EPS of $0.08 against an estimate of $0.13, and a revenue decrease from the previous year.
Nordic American Tankers' significant miss in Q4 earnings and the historical pattern of share price drops following earnings misses suggest a likely negative short-term impact on NAT's stock price. The consistent underperformance in earnings compared to estimates, coupled with a year-over-year revenue decrease, could lead to decreased investor confidence and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100