International Seaways Inc reports results for the quarter ended in September 30 - Earnings Summary

• International Seaways Inc INSW.N reported quarterly adjusted earnings of $1.57​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.04. The mean expectation of eight analysts for the quarter was for earnings of $1.65 per share. Wall Street expected results to range from $1.14 to $2.24 per share.

• Revenue fell 6.8% to $225.19 million from a year ago; analysts expected $219.32 million.

• International Seaways Inc's reported EPS for the quarter was $1.84​.

• The company reported quarterly net income of $91.69 million.

• International Seaways Inc shares had fallen by 13.1% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.4% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

Wall Street's median 12-month price target for International Seaways Inc is $66.00

This summary was machine generated from LSEG data November 7 at 02:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)