Analysts’ Forecast for Crude Tanker Companies’ Q2 Earnings



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.

Article continues below advertisement

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.

More From Market Realist