Scorpio Tankers Misses on Revenues but Beats on EPS

Scorpio Tankers (NYSE: STNG  ) reported earnings on April 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Scorpio Tankers missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share increased.

Margins grew across the board.

Revenue details
Scorpio Tankers tallied revenue of $44.9 million. The five analysts polled by S&P Capital IQ expected a top line of $48.0 million on the same basis. GAAP reported sales were 55% higher than the prior-year quarter's $28.9 million.

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

EPS details
EPS came in at $0.08. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS were $0.08 for Q1 against -$0.14 per share for the prior-year quarter.

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

Margin details
For the quarter, gross margin was 34.0%, 810 basis points better than the prior-year quarter. Operating margin was 17.2%, much better than the prior-year quarter. Net margin was 14.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $52.2 million. On the bottom line, the average EPS estimate is $0.03.

Next year's average estimate for revenue is $220.3 million. The average EPS estimate is $0.14.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 15 members out of 22 rating the stock outperform, and seven members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Scorpio Tankers a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Scorpio Tankers is outperform, with an average price target of $10.85.

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