Analysts Lower Expectations for International Seaways, Inc. (NYSE:INSW) After Latest Results
Generado por agente de IACyrus Cole
domingo, 2 de marzo de 2025, 9:02 am ET1 min de lectura
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International Seaways, Inc. (NYSE:INSW) has faced a challenging 2024, with income from vessel operations decreasing 26% year-over-year to $455 million, driven by lower average daily rates across its fleet. TCE revenues also saw a 12% dip to $933 million, reflecting weaker charterCHTR-- markets. Despite these challenges, the company returned $309 million to shareholders through dividends and share repurchases, signaling a commitment to capital allocation. However, the market expects INSWINSW-- to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024, which could lead to a sell-off in the stock if the actual results miss these lowered expectations.
The consensus EPS estimate for the upcoming quarter has been revised 40.71% lower over the last 30 days to the current level of $0.70 per share, representing a year-over-year change of -67.9%. Revenues are expected to be $177.66 million, down 29.1% from the year-ago quarter. Estimate revisions reflect how covering analysts have collectively reassessed their initial estimates over this period. While the aggregate change may not always reflect the direction of estimate revisions by each analyst, it offers insight into the business conditions for the period whose results are coming out.
The consensus EPS estimate for the quarter has been revised 40.71% lower over the last 30 days to the current level of $0.70 per share, representing a year-over-year change of -67.9%. Revenues are expected to be $177.66 million, down 29.1% from the year-ago quarter. Estimate revisions reflect how covering analysts have collectively reassessed their initial estimates over this period. While the aggregate change may not always reflect the direction of estimate revisions by each analyst, it offers insight into the business conditions for the period whose results are coming out.
The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that some analysts have recently become more bullish on the company's earnings prospects. This has resulted in an Earnings ESPESP-- of +16.19%, indicating a potential earnings beat. Additionally, the company has a Zacks Rank of #3 (Hold), which, when combined with the positive Earnings ESP, suggests that INSW may beat the consensus EPS estimate.
However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An Indus
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INSW--
International Seaways, Inc. (NYSE:INSW) has faced a challenging 2024, with income from vessel operations decreasing 26% year-over-year to $455 million, driven by lower average daily rates across its fleet. TCE revenues also saw a 12% dip to $933 million, reflecting weaker charterCHTR-- markets. Despite these challenges, the company returned $309 million to shareholders through dividends and share repurchases, signaling a commitment to capital allocation. However, the market expects INSWINSW-- to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024, which could lead to a sell-off in the stock if the actual results miss these lowered expectations.
The consensus EPS estimate for the upcoming quarter has been revised 40.71% lower over the last 30 days to the current level of $0.70 per share, representing a year-over-year change of -67.9%. Revenues are expected to be $177.66 million, down 29.1% from the year-ago quarter. Estimate revisions reflect how covering analysts have collectively reassessed their initial estimates over this period. While the aggregate change may not always reflect the direction of estimate revisions by each analyst, it offers insight into the business conditions for the period whose results are coming out.
The consensus EPS estimate for the quarter has been revised 40.71% lower over the last 30 days to the current level of $0.70 per share, representing a year-over-year change of -67.9%. Revenues are expected to be $177.66 million, down 29.1% from the year-ago quarter. Estimate revisions reflect how covering analysts have collectively reassessed their initial estimates over this period. While the aggregate change may not always reflect the direction of estimate revisions by each analyst, it offers insight into the business conditions for the period whose results are coming out.
The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that some analysts have recently become more bullish on the company's earnings prospects. This has resulted in an Earnings ESPESP-- of +16.19%, indicating a potential earnings beat. Additionally, the company has a Zacks Rank of #3 (Hold), which, when combined with the positive Earnings ESP, suggests that INSW may beat the consensus EPS estimate.
However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An Indus
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