Nordic American Tankers (NYSE:NAT) Third Quarter 2022 Results
Key Financial Results
Revenue: US$47.4m (up 409% from 3Q 2021).
Net income: US$10.0m (up from US$44.7m loss in 3Q 2021).
Profit margin: 21% (up from net loss in 3Q 2021).
EPS: US$0.048 (up from US$0.27 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nordic American Tankers Earnings Insights
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.1% decline forecast for the Oil and Gas industry in the US.
The company's shares are up 6.5% from a week ago.
Before you take the next step you should know about the 2 warning signs for Nordic American Tankers (1 shouldn't be ignored!) that we have uncovered.
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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.
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