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Analyst Expectations for Tsakos Energy Navigation’s 4Q17 Earnings

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How did Tsakos Energy Navigation do in 3Q17?

As we saw in the previous part of this series, Wall Street analysts expect an 18% YoY (year-over-year) fall in Tsakos Energy Navigation’s (TNP) 4Q17 revenues. In this part, we’ll see what analysts expect for its EBITDA (earnings before interest, tax, depreciation, and amortization) and EPS (earnings per share) for 4Q17 and 2017.

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EBITDA estimate

Analysts’ EBITDA estimate for 4Q17 is $55.3 million, which would mean a 17.2% rise from $47 million in the previous quarter.

For 1Q18, its EBITDA estimate is $58.9 million. The estimates for 2017 and 2018 are $218 million and $244 million, respectively, compared to $203 million in 2016. Based on its 4Q17 EBITDA, Tsakos Energy Navigation’s EBITDA margin was 48.6%. Based on its 1Q18 estimated revenue and its estimated EBITDA, its EBITDA margin would fall to 51.7%.

Peers’ EBITDAs

Below are other crude oil (DBO) tanker companies’ 4Q17 EBITDA performances:

  • Teekay Tankers (TNK): EBITDA of $30.1 million in 4Q17, which was 45.6% lower YoY
  • DHT Holdings (DHT): EBITDA of $33.4 million in 4Q17, which was 28.6% lower YoY
  • Nordic American Tankers (NAT): EBITDA of $10.4 million in 4Q17, which was 64% lower YoY
  • Euronav (EURN): EBITDA of $49.2 million in 4Q17, which was 60% lower YoY

Analysts also expect Tsakos Energy Navigation’s 4Q17 EPS (earnings per share) to rise from the previous quarter. They expect EPS of -$0.14 compared to -$0.04 in 3Q17.

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