• FLEX LNG Ltd FLNG.OL reported quarterly adjusted earnings of 53 cents​​ per share for the quarter , lower than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of eight analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 50 cents to 68 cents per share.

• Revenue fell 4.3% to $90.48 million from a year ago; analysts expected $91.43 million.

• FLEX LNG Ltd's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $17.41 million.

• FLEX LNG Ltd shares had fallen by 5.9% this quarter and lost 17.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas transportation services peer group is "hold."

Wall Street's median 12-month price target for FLEX LNG Ltd is NOK308.50

This summary was machine generated from LSEG data November 12 at 01:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)