TS Earnings Prediction
The chart below shows how TS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TS sees a -0.29% change in stock price 10 days leading up to the earnings, and a +0.08% change 10 days following the report. On the earnings day itself, the stock moves by +0.12%. This data can give you a slight idea of what to expect for the next quarter's release.
TS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.92B
-9.96%
-12.23%
Gross Margin
33.61%
-13.93%
-5.24%
Operating Margin
12.59%
-51.09%
-37.86%
Net Margin
15.75%
-6.75%
50.29%
EPS
0.40
-13.04%
37.93%
No Data Available
TS Earnings Analysis
Tenaris S. A. Corporation (TS.N) Earnings Conference Call
Positive
Free Cash Flow Achievement: 1. Positive Free Cash Flow: Tenaris reported a free cash flow of $373 million for Q3 2024, contributing to a total of $1.9 billion in free cash flow for the first nine months of the year.
Interim Dividend Increase: 2. Increased Interim Dividend: The Board of Directors approved an interim dividend of $0.27 per share, which is a 35% increase compared to the previous year's interim dividend.
Net Cash Strength: 3. Strong Net Cash Position: Tenaris ended the quarter with a robust net cash position of $4 billion, providing significant financial flexibility.
Share Buyback Initiative: 4. Share Buyback Program: The company announced a new share buyback program of $700 million to be executed within the next five months, reflecting confidence in its financial health.
Offshore Project Contracts: 5. Expansion in Offshore Projects: Tenaris secured multiple significant contracts in offshore projects, including a line pipe and insulation coating package for Saipem and a riser and floor line package for Petrobras, enhancing its order backlog for 2025 and 2026.
Negative
Sales Decline Analysis: 1. Declining Sales: Sales in Q3 2024 reached $2.9 billion, down 10% year-over-year and down 12% sequentially, primarily due to lower prices and demand in key markets.
Declining Average Selling Prices: 2. Decreased Average Selling Prices: Average selling prices in the tubes operating segment decreased by 14% compared to the same quarter last year and 2% sequentially, indicating a significant drop in pricing power.
Volume Decline Forecast: 3. Lower Expected Volumes: In Q4 2024, volumes and sales are expected to decline by approximately 7-8% compared to Q3 2024, reflecting a downturn in activity levels.
Pemex Payment Delays: 4. Delayed Payments from Pemex: The transition to a new government in Mexico has further delayed payments from Pemex, impacting cash flow and operational stability.
Declining Oil Drilling Activity: 5. Softening Oil Drilling Activity: In the Middle East, there is a noted softening in oil drilling activity, particularly in Saudi Arabia, which is expected to affect sales in the upcoming quarters.
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TS Earning Call Sentiment
Tenaris S.A. (TS) Q3 2024 Earnings Call Transcript
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00:00
00:00
TS.N
0.08%Positive
The earnings call presents a mixed outlook: while there are positive aspects like increased dividends and share buybacks, there are also challenges such as decreased sales and price reductions. The Q&A reveals uncertainties regarding the impact of US policies and M&A opportunities, but management's expectation of stable margins and increased future activity provides some optimism. The absence of clear guidance on certain issues tempers the overall sentiment, leading to a neutral prediction for the stock price movement.
