International Seaways Inc reports results for the quarter ended December 31 - Earnings Summary

• International Seaways Inc INSW.N reported quarterly adjusted earnings of $2.45​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of six analysts for the quarter was for earnings of $1.92 per share. Wall Street expected results to range from $1.30 to $2.25 per share.

• Revenue rose 37.6% to $267.88 million from a year ago; analysts expected $244.65 million.

• International Seaways Inc's reported EPS for the quarter was $2.56​.

• The company reported quarterly net income of $127.5 million.

• International Seaways Inc shares had risen by 43.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "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 $64.00, about 8.6% below its last closing price of $69.52

This summary was machine generated from LSEG data February 26 at 02:31 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)