Nordic American Tankers Forecasts 25% EPS Growth for Q3

According to a recent report, Nordic American Tankers Limited is set to report its quarterly earnings soon, with a notable expected earnings per share increase of 25% compared to last year. The company's projected Price to Earnings ratio indicates favorable growth against industry peers.

Date: 02-12-2024

AI Rating: 7

Nordic American Tankers Limited (NAT) is slated to report its earnings for the quarter ending September 30, 2024. The expected earnings per share (EPS) forecast from analysts is $0.05, which represents a significant 25.00% increase compared to the same quarter last year.

Additionally, the report highlights that the Price to Earnings (P/E) ratio for NAT for 2024 is 10.29, which is notably higher than the industry ratio of 9.40. This suggests that NAT is anticipated to experience better earnings growth relative to its competitors in the shipping industry.

Overall, the favorable EPS forecast and competitive P/E ratio indicate a promising outlook for Nordic American Tankers, likely positively influencing investor sentiment and stock prices.

Stocks: NAT