SFL Corporation Ltd reports results for the quarter ended June 30 - Earnings Summary

• SFL Corporation Ltd SFL.N reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of three analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -5 cents to 1 cents per share.

• Revenue rose 0.9% to $192.59 million from a year ago; analysts expected $186.20 million.

• SFL Corporation Ltd's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.46 million.

• SFL Corporation Ltd shares had risen by 9.6% this quarter and lost 10.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," 2 "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 SFL Corporation Ltd is $11.40, about 19.9% above its last closing price of $9.13

This summary was machine generated from LSEG data August 19 at 01:30 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)