Tsakos Energy Navigation Q1 2024 GAAP EPS $1.60 Misses $2.08 Estimate, Sales $201.589M Beat $199.880M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tsakos Energy Navigation (TNP) reported Q1 2024 GAAP EPS of $1.60, missing the estimate of $2.08. However, sales came in at $201.589 million, beating the estimate of $199.880 million.
June 20, 2024 | 12:59 pm
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Tsakos Energy Navigation (TNP) reported Q1 2024 GAAP EPS of $1.60, missing the estimate of $2.08. However, sales came in at $201.589 million, beating the estimate of $199.880 million.
The miss on EPS is likely to have a negative impact on the stock price in the short term, despite the sales beat. Investors often react more strongly to earnings misses than to sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100