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Earnings Preview: Nordic American Tankers

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Nordic American Tankers (NYSE: NAT) announces its next round of earnings this Monday, August 17. Here is Benzinga's everything-that-matters guide for this Monday's Q2 earnings announcement.

Earnings and Revenue

Nordic American Tankers EPS is expected to be around $0.28, according to sell-side analysts. Sales will likely be near $94.35 million. Nordic American Tankers's loss in the same period a year ago was $0.11 per share. Quarterly sales came in at $30.65 million. If the company were to report in-line earnings when it publishes results Monday, earnings would be up 354.55%. Sales would be up 207.8% on a year-over-year basis. Here's how the Nordic American Tankers's reported EPS has stacked up against analyst estimates in the past:

EPS Estimate

0.26

0.20

-0.08

-0.11

EPS Actual

0.27

0.09

-0.10

-0.11

Revenue Estimate

83.32 M

74.21 M

35.18 M

32.41 M

Revenue Actual

86.18 M

58.82 M

32.35 M

30.65 M

Stock Performance

Over the last 52-week period, shares are up 136.32%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

View more earnings on NAT

Don't be surprised to see the stock move on comments made during its conference call. Nordic American Tankers is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://www.nat.bm/financial-calendar/

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