X
<

Tsakos before Its 2Q17 Results: The Analysts' View

PART:
1 2 3
Part 2
Tsakos before Its 2Q17 Results: The Analysts' View PART 2 OF 3

Where Will Tsakos Energy’s Earnings Stand in 2Q17?

TNP’s earnings estimates

As we discussed in the previous part of this series, Wall Street analysts expect a 9.2% YoY (year-over-year) fall in Tsakos Energy Navigation’s (TNP) 2Q17 revenues. The analysts’ EBITDA (earnings before interest, tax, depreciation, and amortization) estimate for 2Q17 is $58 million, which would mean a 5.8% drop from $62 million in the previous quarter.

Where Will Tsakos Energy&#8217;s Earnings Stand in 2Q17?

Interested in TNP? Don't miss the next report.

Receive e-mail alerts for new research on TNP

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

For 3Q17, TNP’s EBITDA estimate stands at $57 million, with the estimates for 2017 and 2018 are $246.9 million and $286.8 million, respectively, compared with TNP’s 2016 EBITDA of $203 million.

Based on its 1Q17 EBITDA, TNP’s EBITDA margin was 44.8%. Based on its estimated revenue and its estimated EBITDA, its estimated 2Q17 EBITDA margin is now 57%.

Peer EBITDAs

The 2Q17 EBITDA performances of TNP’s peers are as follows:

  • Teekay Tankers (TNK) recorded 2Q17 EBITDA of $26.14 million—58% lower YoY.
  •  DHT Holdings (DHT) recorded 2Q17 EBITDA of $36.7 million, which was lower than its $63.7 million in 2Q16.
  • Gener8 Maritime (GNRT) recorded EBITDA of $38.1 million—46% lower YoY.
  • Nordic American Tankers (NAT) recorded 2Q17 EBITDA of $15.1 million—61% lower than its 2Q16 EBITDA of $39.06 million.

Analysts also expect TNP’s EPS (earnings per share) to fall and are now forecasting EPS of $0.03, compared with $0.16 in 1Q17.

X

Please select a profession that best describes you: