International Seaways (NYSE:INSW) reported its Q1 earnings results on Friday, May 5, 2023 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
International Seaways beat estimated earnings by 15.14%, reporting an EPS of $3.27 versus an estimate of $2.84.
Revenue was up $185.65 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.57 which was followed by a 0.33% drop in the share price the next day.
Here’s a look at International Seaways’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 3.64 | 2.47 | 1.19 | -0.31 |
| EPS Actual | 4.21 | 2.28 | 1.43 | -0.28 |
| Revenue Estimate | 310.01M | 238.55M | 180.33M | 96.75M |
| Revenue Actual | 338.16M | 236.83M | 188.20M | 101.48M |
To track all earnings releases for International Seaways visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
