Shipper Scorpio Tankers Q2 adjusted EPS beats estimates, dividend declared
Overview
Scorpio Tankers Q2 adjusted EPS beats analyst expectations, per LSEG data
Adjusted net income for Q2 beats analyst estimates, per LSEG data
Company declares quarterly cash dividend of $0.40 per share
Result Drivers
TCE REVENUE DECLINE - Co attributes decline in TCE revenue to normalized trade patterns and supply chains for refined petroleum products
VESSEL SALES IMPACT - Reduced average number of vessels due to sales in 2024 led to lower operating costs and depreciation
DELEVERAGING - Co's efforts to reduce debt resulted in lower financial expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Beat | $1.47 | $1.06 (9 Analysts) |
Q2 EPS |
| $1.59 |
|
Q2 Adjusted Net Income | Beat | $67.80 mln | $52.40 mln (8 Analysts) |
Q2 Net Income |
| $73.50 mln |
|
Q2 Dividend |
| $0.4 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for Scorpio Tankers Inc is $65.00, about 30.6% above its July 29 closing price of $45.10
Press Release: ID:nGNX9V2Jz9
