International Seaways, Inc. (NYSE:INSW) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, INSW to report 3Q20 income of $ 0.70 per share.
For the full year, analysts anticipate top line of $ 432.18 million, while looking forward to income of $ 4.48 per share bottom line.
Previous Quarter Performance
International Seaways, Inc. communicated income for the second quarter of $ 2.39 per share, from the revenue of $ 139.72 million. The quarterly revenues increased 91.63 percent compared with the same quarter last year. According to street consensus, INSW was expected to report 2Q20 income of $ 2.43 per share from revenue of $ 144.50 million. The bottom line results missed street analysts by $ 0.04 or 1.65 percent, at the same time, top line results fell short of analysts by $ 4.78 million or 3.31 percent.
Stock Performance
Shares of International Seaways, Inc. traded up $ 1.21 or 8.85 percent on Thursday, reaching $ 14.88 with volume of 323.10 thousand shares. International Seaways, Inc. has traded high as $ 15.01 and has cracked $ 13.79 on the downward trend
According to the previous trading day, closing price of $ 14.88, representing a 9.89 % increase from the 52 week low of $ 12.44 and a 56.45 % decrease over the 52 week high of $ 31.39.
The company has a market capital of $ 408.84 million and is part of the Industrials sector and Shipping & Ports industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Stifel Nicolaus at Buy rating, with $ 25.00 target price.
Conference Call
International Seaways, Inc. will be hosting a conference call at 9:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.intlseas.com
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers.
