NAT Earnings Prediction
The chart below shows how NAT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NAT sees a +6.74% change in stock price 10 days leading up to the earnings, and a +2.26% change 10 days following the report. On the earnings day itself, the stock moves by -1.90%. This data can give you a slight idea of what to expect for the next quarter's release.
NAT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
241.61M
65.26%
409.92%
Gross Margin
17.86%
279.14%
-58.22%
Operating Margin
15.75%
261.70%
-53.28%
Net Margin
14.91%
129.88%
-29.40%
EPS
0.17
141.46%
240.00%
No Data Available
NAT Earnings Analysis
Nordic American Tankers Limited Corporation (NAT.N) Earnings Conference Call
Positive
Positive Point: Identification of scarcity of ships leading to increased rates and ship values due to limited supply, enhancing the company's financial prospects.
- CEO Herbjørn Hansson noted a market shortage of ships, indicating higher shipping rates and vessel values.
- Focus on ton mile (transportation work) shows increasing demand for transportation services, benefiting Nordic American Tankers.
Positive Point: Strong global presence with operations in key regions such as Japan, China, Korea, India, Guyana, Middle East, and Saudi Arabia, diversifying revenue streams and market exposure.
- Company actively conducts business in various regions, including China and Saudi Arabia, highlighting a robust global footprint.
- Expansion into emerging markets like Guyana demonstrates strategic growth initiatives to tap into new oil fields and shipping routes.
Positive Point: Prudent financial management with a clear focus on debt repayment, paving the way for potential dividend increases and sustained investor confidence.
- Commitment to debt repayment to Beal Bank of Dallas signifies a proactive approach towards financial stability.
- Future plans to become a debt-free company in a year or two and raise dividends underscore fiscal responsibility and investor-friendly policies.
Positive Point: Transparent operations and strong partnerships enhance credibility and attractiveness to potential stakeholders and customers.
- Open and transparent business practices position Nordic American as a trustworthy and reliable partner in the shipping industry.
- Strong collaboration with Ocean Yield and major oil companies like ExxonMobil, Shell, Total, British Petroleum, and Equinor reflect the company's solid relationships and industry standing.
Positive Point: Focus on emission reduction through active speed management demonstrates environmental consciousness and commitment to sustainability.
- Utilization of active speed management techniques to reduce emissions and optimize fuel consumption showcases the company's commitment to eco-friendly practices.
- By reducing emissions through operational strategies, Nordic American Tankers contributes to a greener shipping industry and aligns with global environmental initiatives.
Negative
Negative:
- Uncertainty in the marketplace due to the situation in Russia and Ukraine impacting tanker business and causing nervousness in the investor market
- Scarcity of ships leading to an imbalance between supply and demand of tonnage, potentially impacting rates and ship values
- Previous lifting of Russian oil from the Port of Primorsk in the Baltic Sea creating concerns in the current geopolitical environment
- Reduction in emissions is crucial, but active speed management to achieve this might impact fuel consumption and operational costs has changed over the past 10 years
- While aiming to be debt-free in a year or two and increase dividends significantly, the reliance on debt repayment to Beal Bank of Dallas might restrict immediate dividend growth
