TNP stock results show that Tsakos Energy Navigation missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.
The oil and gas shipping company's stock, TNP, has climbed by 9.93% in the past month, exceeding the Transportation sector's loss of 3.23% and the S&P 500's gain of 0.17%.
TNP stock results show that Tsakos Energy Navigation missed analyst estimates for earnings per share but beat on revenue for the fourth quarter of 2023.
Tsakos Energy Navigation Ltd reported Q4 revenue of $220.2M, down from $270.3M in prior year. EPS was $0.85, below $3.17 in prior year. Adjusted EBITDA was $124M. Cash reserves at $377M, debt at $1.56. Plans to pay $0.60 dividend in June 2024, double the amount in 2023.
Companies Reporting Before The Bell • Golden Ocean Group (NASDAQGOGL) is likely to report quarterly earnings at $0.11 per share on revenue of $149.42 million.
Companies Reporting Before The Bell • Tsakos Energy Navigation (NYSETNP) is likely to report quarterly earnings at $1.60 per share on revenue of $174.10 million.
As of late, small-caps have enjoyed buying pressure, which is a welcomed development as market participants continue to wade through a unique economic situation. Here are three small-cap stocks that all sport improved earnings outlooks.
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 400 points on Monday. The Dow traded up 1.27% to 32,267.56 while the NASDAQ rose 0.28% to 11,663.46. The S&P 500, also rose, gaining, 0.92% to 3,952.53.
Companies Reporting Before The Bell • KVH Industries (NASDAQKVHI) is projected to report quarterly earnings at $0.03 per share on revenue of $34.29 million.
Gainers Lipella Pharmaceuticals Inc. (NASDAQLIPO) shares jumped 40.2% to $2.5109 after the company announced the successful completion of a Phase 2A clinical trial evaluating the safety and efficacy of its drug candidate LP-10 for hemorrhagic cystitis.
Several oil tanker stocks are in buy range, or close to it, as the war in Ukraine and high crude prices are contributing to high earnings for tanker companies.
U.S. stocks closed higher on Tuesday, with the Dow Jones gaining around 400 points. Here is the list of some big stocks recording losses in the previous session.
