Nordic American Tankers Q1 2024 GAAP EPS $0.07 Misses $0.11 Estimate, Sales $60.572M Miss $76.562M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nordic American Tankers (NYSE:NAT) reported Q1 2024 earnings per share of $0.07, missing the analyst estimate of $0.11 by 36.36%. The company also reported sales of $60.572 million, missing the estimate of $76.562 million by 20.89%. This represents a 30.45% decrease from the same period last year.
May 29, 2024 | 12:15 pm
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Nordic American Tankers reported Q1 2024 earnings per share of $0.07, missing the analyst estimate of $0.11 by 36.36%. The company also reported sales of $60.572 million, missing the estimate of $76.562 million by 20.89%. This represents a 30.45% decrease from the same period last year.
The significant miss on both EPS and sales estimates, along with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100