International Seaways Q1 2024 GAAP EPS $2.92 Beats $2.29 Estimate, Shipping Revenues $274.4M Beat $249.097M Estimate
Portfolio Pulse from Benzinga Newsdesk
International Seaways reported its Q1 2024 earnings with a GAAP EPS of $2.92, surpassing the $2.29 estimate. However, its shipping revenues of $274.4 million fell short of the $249.097 million estimate.

May 08, 2024 | 10:46 am
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NEUTRAL IMPACT
International Seaways exceeded EPS estimates but missed on shipping revenue forecasts for Q1 2024.
While the EPS beat is positive, the miss on shipping revenues could raise concerns about operational efficiency or market conditions. The mixed results may lead to neutral short-term stock price movement as investors weigh the positive EPS against the revenue miss.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90