TEN Earnings Prediction
The chart below shows how TEN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TEN sees a +3.30% change in stock price 10 days leading up to the earnings, and a +1.88% change 10 days following the report. On the earnings day itself, the stock moves by -3.30%. This data can give you a slight idea of what to expect for the next quarter's release.
TEN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
200.16M
--
--
Gross Margin
35.56%
--
--
Operating Margin
28.45%
--
--
Net Margin
13.99%
--
--
EPS
0.67
--
--
No Data Available
TEN Earnings Analysis
Tsakos Energy Navigation Ltd. Corporation (TEN.N) Earnings Conference Call
Positive
Dividend Increase Announcement: The company increased its dividends by 50%, offering a substantial dividend yield on today's price.
Revenue and Operating Income: The company generated gross revenues of $660 million and operating income of $236 million during the first nine months of 2024, including about $49 million of capital gains.
Asset Valuation Strength: The fleet's fair market value was about $4 billion, indicating strong asset valuation.
Net Debt to Capital Ratio: The company maintained a net debt to capital ratio at a very manageable 44%, reflecting strong financial health.
EBITDA Improvement Highlights: The adjusted EBITDA for the 2024 nine months was up $314 million compared to the previous year, showcasing operational efficiency.
Negative
Fleet Utilization Decline: The fleet utilization for the 2024 nine months was at 92.2%, down from 95.6% during the same 2023 period.
Operating Expenses Reduction: Operating expenses per ship per day were at $9,188, almost $1,000 lower than the 2023 third quarter number.
Net Income and EPS Impact: The resulting net income of $26.5 million, producing earnings per share of $0.67 reflected the $5 million increase in depreciation and amortization cost in the larger fleet.
Fleet Operating Expenses Decline: Fleet operating expenses of $49 million for the third quarter of 2024 were $1.6 million lower from the 2023 third quarter level despite the three dry dockings mentioned above and the larger fleet size.
Rising Administrative Expenses: General and administrative expenses increased substantially both quarter-over-quarter and year-over-year.
TEN FAQs
How does TEN typically perform around its earnings report dates?
Is Tsakos Energy Navigation Limited (TEN) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TEN Earning Call Sentiment
Tsakos Energy Navigation Limited (TEN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TEN.N
-1.54%Positive
The earnings call highlights strong financial performance with increased revenues, operating income, and EPS. The dividend yield is attractive, and the dividend increase is a positive signal for shareholder returns. The Q&A section indicates strategic long-term contracts and manageable debt levels. Despite some unclear responses, the overall sentiment is positive, with improved market conditions and operational efficiency. The potential impact of sanctions and environmental concerns is acknowledged but doesn't overshadow the positive financial metrics and optimistic guidance.