Recap: Nordic American Tankers Q1 Earnings

Recap: Nordic American Tankers Q1 Earnings

 

Nordic American Tankers NAT reported its Q1 earnings results on Tuesday, May 31, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Nordic American Tankers missed estimated earnings by 40.0%, reporting an EPS of $-0.14 versus an estimate of $-0.1.

Revenue was down $3.29 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 12.28% increase in the share price the next day.

Here's a look at Nordic American Tankers's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.12 -0.16 -0.17 -0.17
EPS Actual -0.12 -0.22 -0.18 -0.16
Revenue Estimate 21.10M 15.29M 20.32M 24.23M
Revenue Actual 22.62M 9.31M 16.75M 18.81M

To track all earnings releases for Nordic American Tankers visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews