International Seaways Inc. (INSW) Scheduled to Post Quarterly Earnings on Thursday
International Seaways Inc. (NYSE:INSW) will issue its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.
International Seaways (NYSE:INSW) last announced its quarterly earnings data on Wednesday, August 9th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.55). The firm had revenue of $71.90 million during the quarter, compared to analyst estimates of $73.00 million. International Seaways had a negative net margin of 31.22% and a positive return on equity of 0.91%. International Seaways’s quarterly revenue was down 30.3% on a year-over-year basis. On average, analysts expect International Seaways to post $0.82 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
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Separately, Zacks Investment Research raised International Seaways from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, August 8th.
About International Seaways
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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