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Analysts’ Forecast for Crude Tanker Companies’ Q2 Earnings

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Jul. 2 2018, Updated 7:31 a.m. ET

Analysts’ estimates

Previously, we discussed analysts’ recommendations for crude tanker stocks. Let’s now compare analysts’ revenue and EBITDA estimates for these companies in Q2 2018.

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Comparing Q2 2018 estimates

  • Euronav’s (EURN) revenue is expected to fall 23.6% sequentially and 40.7% YoY (year-over-year) to $74.9 million. Its EBITDA are expected to fall 72.6% to $11.9 million.
  • Teekay Tankers’ (TNK) revenue is expected to fall 9.3% sequentially to $80.3 million and 10.2% YoY from $89.4 million. Its EBITDA are expected to fall 34.6% YoY to $17.1 million.
  • Tsakos Energy Navigation’s (TNP) revenue is expected to fall sequentially from $98.5 million to $98.7 million, and 5.1% YoY. Its EBITDA are expected to fall 15.3% YoY to $45.4 million.
  • DHT Holdings’ (DHT) revenue is expected to fall 21.2% sequentially and 38.9% YoY to $36.4 million. Its EBITDA are expected to fall 65.1% YoY $12.8 million.
  • Nordic American Tankers’ (NAT) revenue is expected to fall 29% sequentially and 33.5% YoY to $26 million. Its EBITDA are expected to fall 88.2% YoY to $1.8 million.
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