Scorpio Tankers Q3 2024 Adj EPS $1.75 Misses $2.17 Estimate, Vessel Revenue $267.99M Miss $290.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers reported Q3 2024 earnings of $1.75 per share, missing the analyst estimate of $2.17. Revenue was $267.99 million, below the expected $290.84 million and down 7.97% from last year.
October 29, 2024 | 10:47 am
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Scorpio Tankers reported Q3 2024 earnings of $1.75 per share, missing the analyst estimate of $2.17. Revenue was $267.99 million, below the expected $290.84 million and down 7.97% from last year.
The earnings per share and revenue both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The significant miss in EPS by 19.35% and revenue by 7.86% suggests potential concerns about the company's financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100