What's Next: Scorpio Tankers's Earnings Preview

Scorpio Tankers (NYSE:STNG) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Scorpio Tankers to report an earnings per share (EPS) of $2.38.

Scorpio Tankers bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

The company's EPS beat by $0.01 in the last quarter, leading to a 0.25% drop in the share price on the following day.

Here's a look at Scorpio Tankers's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

3.59

3.72

2.63

1.52

EPS Actual

3.60

3.97

2.75

1.91

Price Change %

-0.0%

1.0%

6.0%

2.0%

Scorpio Tankers Share Price Analysis

Shares of Scorpio Tankers were trading at $62.02 as of October 25. Over the last 52-week period, shares are up 9.2%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Scorpio Tankers

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Scorpio Tankers.

With 3 analyst ...