Will Nordic American Tankers Beat These Analyst Estimates?

Nordic American Tankers (NYSE: NAT ) is expected to report Q2 earnings on Aug. 7. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Nordic American Tankers's revenues will increase 1.7% and EPS will remain in the red.

The average estimate for revenue is $24.2 million. On the bottom line, the average EPS estimate is -$0.23.

Revenue details
Last quarter, Nordic American Tankers logged revenue of $30.5 million. GAAP reported sales were 19% higher than the prior-year quarter's $25.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at -$0.18. GAAP EPS were -$0.18 for Q1 compared to -$0.15 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 47.2%, 380 basis points worse than the prior-year quarter. Operating margin was -28.5%, 280 basis points worse than the prior-year quarter. Net margin was -30.8%, 350 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $98.0 million. The average EPS estimate is -$0.97.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 919 members out of 962 rating the stock outperform, and 43 members rating it underperform. Among 162 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 153 give Nordic American Tankers a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordic American Tankers is hold, with an average price target of $14.25.

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