Pyxis Tankers (NASDAQ:PXS) Full Year 2024 Results

Key Financial Results

• Revenue: US$51.5m (up 13% from FY 2023).
• Net income: US$9.62m (down 73% from FY 2023).
• Profit margin: 19% (down from 80% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.91 (down from US$3.39 in FY 2023).

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

Pyxis Tankers Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 22%.

The primary driver behind last 12 months revenue was the Tanker Vessels segment contributing a total revenue of US$38.4m (75% of total revenue). The most substantial expense, totaling US$7.10m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how PXS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 2.5% decline forecast for the Shipping industry in the US.

Performance of the American Shipping industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Pyxis Tankers (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.