Tenaris SA reports results for the quarter ended June 30 - Earnings Summary

• Tenaris SA TS.N reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of eight analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 44 cents to 93 cents per share.

• Revenue fell 7.1% to $3.09 billion from a year ago; analysts expected $3.01 billion.

• Tenaris SA's reported EPS for the quarter was 99 cents​.

• The company reported quarterly net income of $531.32 million.

• Tenaris SA shares had risen by 2.0% this quarter and gained 1.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Tenaris SA is $45.00, about 17.4% above its last closing price of $37.16

This summary was machine generated from LSEG data July 30 at 10:42 p.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)