Nordic American Tankers (NYSE:NAT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$52.0m (up 8.3% from 3Q 2023).
• Net income: US$8.69m (up 16% from 3Q 2023).
• Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.042 (up from US$0.036 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nordic American Tankers Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is expected to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.5%.

Performance of the American Oil and Gas industry.

The company's shares are down 9.8% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Nordic American Tankers (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.

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