In This Article:
Nordic American Tankers (NYSE:NAT) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$52.0m (up 8.3% from 3Q 2023).
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Net income: US$8.69m (up 16% from 3Q 2023).
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Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue.
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EPS: US$0.042 (up from US$0.036 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nordic American Tankers Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 27%.
Looking ahead, revenue is expected to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.5%.
Performance of the American Oil and Gas industry.
The company's shares are down 9.8% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Nordic American Tankers (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.