FLNG Earnings Prediction
The chart below shows how FLNG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FLNG sees a +1.38% change in stock price 10 days leading up to the earnings, and a +3.52% change 10 days following the report. On the earnings day itself, the stock moves by -2.06%. This data can give you a slight idea of what to expect for the next quarter's release.
FLNG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
90.48M
-4.34%
6.83%
Gross Margin
59.28%
-4.82%
4.66%
Operating Margin
56.90%
-4.24%
8.32%
Net Margin
19.24%
-59.65%
-25.37%
EPS
0.32
-61.90%
-20.00%
No Data Available
FLNG Earnings Analysis
FLEX LNG Ltd. Ordinary Shares Corporation (FLNG.N) Earnings Conference Call
Positive
Adjusted EBITDA Performance: Adjusted EBITDA revenues came in at $90.5 million in line with guidance of approximately $90 million.
Net Income Results: This resulted in net income and adjusted net income of $17.4 and $28.7 million, respectively.
Quarterly Adjusted EPS: This gave an adjusted earnings per share of $0.53 for the quarter.
Strong Cash Position: We have a very healthy cash position, pro forma cash of $450 million, which is about 35% of our market cap today.
Consecutive Dividend Declaration: We are declaring our 13th consecutive ordinary dividend per share of $0.75.
Negative
EBITDA Revenue Consistency: Adjusted EBITDA revenues came in at $90.5 million, which is in line with guidance of approximately $90 million, indicating no growth from previous expectations.
Net Income Decline: Net income and adjusted net income were reported at $17.4 million and $28.7 million, respectively, reflecting a decline in profitability compared to prior periods.
Interest Rate Impact: During this quarter, interest rate fell significantly until early September when the Fed cut 50 basis points, impacting financial performance negatively.
Unrealized Losses Impact Earnings: We had unrealized losses of $10.7 million in Q3, which contributed to a lower adjusted earnings per share of $0.53 for the quarter.
Q4 Performance Outlook: For the first time ever, we are not going to guide Q4 numbers higher than Q3, indicating a potential downturn in performance.
FLNG FAQs
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FLNG Earning Call Sentiment
FLEX LNG Ltd. (FLNG) Q3 2024 Earnings Call Transcript
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FLNG.N
-1.39%Positive
The earnings call revealed several concerns: the LNG shipping market faces oversupply and low charter rates, regulatory and operational risks, and unclear management strategies. Although financial metrics met guidance, the dividend yield decreased slightly. The Q&A highlighted uncertainties about future contracts and strategies, with management avoiding direct answers. Despite a strong cash position and refinancing, the market's soft spot and lack of share repurchase plans suggest a negative outlook. Given the market cap, expect a stock price movement of -2% to -8% over the next two weeks.