INSW Earnings Prediction
The chart below shows how INSW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INSW sees a -5.30% change in stock price 10 days leading up to the earnings, and a +1.36% change 10 days following the report. On the earnings day itself, the stock moves by +2.92%. This data can give you a slight idea of what to expect for the next quarter's release.
INSW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
225.19M
-6.83%
-12.52%
Gross Margin
45.24%
-13.70%
-17.14%
Operating Margin
38.84%
-17.92%
-21.34%
Net Margin
40.72%
0.49%
-27.57%
EPS
1.84
-7.54%
-36.77%
No Data Available
INSW Earnings Analysis
International Seaways, Inc. Common Stock Corporation (INSW.N) Earnings Conference Call
Positive
Net Income Performance: 1. Strong Net Income: International Seaways reported a net income of $92 million for Q3 2024, translating to $1.84 per diluted share, showcasing robust profitability.
Strong Operational Performance: 2. Significant Adjusted EBITDA: The company achieved an adjusted EBITDA of $130 million for the third quarter, reflecting strong operational performance.
Strong Liquidity Position: 3. High Liquidity Position: Total liquidity reached nearly $700 million, including over $540 million in undrawn revolver capacity, ensuring financial flexibility.
Shareholder Returns Overview: 4. Substantial Returns to Shareholders: The company returned nearly $100 million to shareholders through dividends and share repurchases, representing 84% of the prior quarter's adjusted net income.
Strong Balance Sheet Stability: 5. Low Debt Levels: With a net loan to vessel value of under 14% and no debt maturity until the next decade, International Seaways maintains a strong balance sheet.
Negative
Vessel Expense Increase: 1. Increased Vessel Expenses: The company experienced higher vessel expenses during the third quarter due to repairs and increased off-hire for older VLCCs, negatively impacting TCE earnings.
Product Tanker Market Weakness: 2. Weakening Product Tanker Rates: Despite strong MR spot performance at $29,000 per day, there is a sentiment of softness in the product tanker market, with refinery margins under pressure and potential closures of EU refineries.
OPEC Plus Output Decision: 3. OPEC Plus Production Cuts: OPEC Plus has decided to hold off on increasing output until January 2025, which may limit supply and impact tanker demand negatively in the short term.
Energy Sanctions Impact: 4. Geopolitical Uncertainty: The potential for increased energy sanctions on Russia could create further uncertainty in the tanker market, affecting both crude and product tankers.
Aging Tanker Fleet Issues: 5. Aging Fleet Concerns: The average age of the tanker fleet is approaching 14 years, raising concerns about the need for renewal and potential recycling of older vessels, which could impact supply dynamics.
INSW FAQs
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INSW Earning Call Sentiment
International Seaways, Inc. (INSW) Q3 2024 Earnings Call Transcript
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00:00
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INSW.N
-0.1%Positive
The earnings call highlights strong financial performance, including record net income and EBITDA growth, substantial free cash flow, and a high dividend yield. The company also has a strong shareholder return plan with significant share repurchases and dividends. Despite some uncertainties in the market, such as regulatory risks and competitive pressures, the overall outlook remains optimistic with a robust balance sheet and cash flow generation. Given the company's market cap, the stock price is likely to experience a moderate positive movement.