FLEX LNG Ltd reports results for the quarter ended December 31 - Earnings Summary

• FLEX LNG Ltd FLNG.OL reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of seven analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 51 cents to 65 cents per share.

• Revenue fell 6.5% to $90.93 million from a year ago; analysts expected $90.00 million.

• FLEX LNG Ltd's reported EPS for the quarter was 84 cents​.

• The company reported quarterly net income of $45.22 million.

• FLEX LNG Ltd shares had risen by 12.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

Wall Street's median 12-month price target for FLEX LNG Ltd is NOK315.00

This summary was machine generated from LSEG data February 4 at 07:10 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)