Latest news with #ScorpioTankers
Yahoo
30-05-2025
- Business
- Yahoo
Unpacking Q1 Earnings: CSX (NASDAQ:CSX) In The Context Of Other Transportation and Logistics Stocks
As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the transportation and logistics industry, including CSX (NASDAQ:CSX) and its peers. The growth of e-commerce and global trade continues to drive demand for shipping services, presenting opportunities for transportation and logistics companies. The industry continues to invest in advanced technologies such as automated sorting systems and real-time tracking solutions to enhance operational efficiency. Companies that win in this space boast speed, reach, reliability, and last-mile efficiency while those who do not see their market shares diminish. Like other industrials companies, transportation and logistics companies are at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies' offerings while fuel costs influence profit margins. The 30 transportation and logistics stocks we track reported a slower Q1. As a group, revenues missed analysts' consensus estimates by 1.5% while next quarter's revenue guidance was 3.5% below. Thankfully, share prices of the companies have been resilient as they are up 5.2% on average since the latest earnings results. Established as part of the Chessie System and Seaboard Coast Line Industries merger, CSX (NASDAQ:CSX) is a transportation company specializing in freight rail services. CSX reported revenues of $3.42 billion, down 7% year on year. This print fell short of analysts' expectations by 1.1%. Overall, it was a softer quarter for the company with a significant miss of analysts' EPS estimates. Interestingly, the stock is up 15.5% since reporting and currently trades at $31.54. Read our full report on CSX here, it's free. Operating one of the youngest fleets in the industry, Scorpio Tankers (NYSE: STNG) is an international provider of marine transportation services, specializing in the shipment of refined petroleum. Scorpio Tankers reported revenues of $204.2 million, down 47.6% year on year, outperforming analysts' expectations by 1.7%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The market seems happy with the results as the stock is up 6.4% since reporting. It currently trades at $40.11. Is now the time to buy Scorpio Tankers? Access our full analysis of the earnings results here, it's free. Conducting business in over a 100 countries, Werner (NASDAQ:WERN) offers full-truckload, less-than-truckload, and intermodal delivery services. Werner reported revenues of $712.1 million, down 7.4% year on year, falling short of analysts' expectations by 3.4%. It was a disappointing quarter as it posted a miss of analysts' Logistics revenue estimates and a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 5.1% since the results and currently trades at $26.25. Read our full analysis of Werner's results here. Trademarking its recognizable UPS Brown color, UPS (NYSE:UPS) offers package delivery, supply chain management, and freight forwarding services. United Parcel Service reported revenues of $21.55 billion, flat year on year. This print surpassed analysts' expectations by 2.1%. It was a very strong quarter as it also produced a solid beat of analysts' sales volume and EBITDA estimates. The stock is flat since reporting and currently trades at $98.00. Read our full, actionable report on United Parcel Service here, it's free. Founded in 1932, Universal Logistics (NASDAQ:ULH) is a provider of customized transportation and logistics solutions operating throughout the United States and in Mexico, Canada, and Colombia. Universal Logistics reported revenues of $382.4 million, down 22.3% year on year. This result came in 4.5% below analysts' expectations. It was a disappointing quarter as it also logged a significant miss of analysts' EBITDA and EPS estimates. The stock is down 8.4% since reporting and currently trades at $24.65. Read our full, actionable report on Universal Logistics here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
15-05-2025
- Business
- Yahoo
STNG Q1 Earnings Call: Revenue Beats Expectations Amid Market Uncertainty and Supply Shifts
Tanking company Scorpio Tankers (NYSE:STNG) announced better-than-expected revenue in Q1 CY2025, but sales fell by 47.6% year on year to $204.2 million. Its non-GAAP profit of $1.03 per share was 38.1% above analysts' consensus estimates. Is now the time to buy STNG? Find out in our full research report (it's free). Revenue: $204.2 million vs analyst estimates of $200.8 million (47.6% year-on-year decline, 1.7% beat) Adjusted EPS: $1.03 vs analyst estimates of $0.74 (38.1% beat) Adjusted EBITDA: $123.7 million vs analyst estimates of $98.52 million (60.6% margin, 25.6% beat) Operating Margin: 29.6%, down from 62.9% in the same quarter last year Free Cash Flow Margin: 19.2%, down from 54.3% in the same quarter last year total vessels: 99, down 11.9 year on year Market Capitalization: $1.98 billion Scorpio Tankers' first quarter results were shaped by a sharp year-on-year decline in revenue but outperformed Wall Street's expectations across key metrics, driven by underlying demand for seaborne transportation of refined products and effective cost controls. Management highlighted the impact of refinery closures and evolving trade flows, as well as the company's focus on operational efficiency through fleet upgrades and debt reduction. CEO Emanuele Lauro emphasized, 'We operate with ambiguity and must prepare accordingly,' underlining the company's cautious stance amid global uncertainty. Looking ahead, management's outlook is influenced by persistent macroeconomic and geopolitical risks, but remains constructive on market fundamentals for both crude and refined products. Executives noted that product tanker rates began the second quarter at higher levels, and the company's strengthened balance sheet and upgraded fleet position it to capitalize on potential rate spikes and structural shifts in global refinery capacity. However, visibility remains limited for the rest of the year, and management stressed a conservative approach to capital allocation until market clarity improves. Scorpio Tankers attributed its quarterly performance to multiple operational and market factors, while also outlining the company's strategic responses to ongoing industry volatility and evolving trade patterns. Fleet modernization and efficiency: The completion of special surveys and drydocking for a significant portion of the fleet enhanced vessel efficiency, minimizing disruptions and supporting lower operating costs. Refinery closures and trade flows: Ongoing global refinery closures are increasing demand for long-haul seaborne product transportation, rerouting refined products across greater distances and supporting ton-mile growth. Geopolitical and policy impacts: Management cited that tariffs, sanctions, and geopolitical issues are introducing uncertainty but currently have limited direct impact on Scorpio's core product tanker operations, particularly given exemptions for many vessel classes. Charter contract extensions: The company secured time charter extensions for three LR2 tankers and a new charter for a Handymax vessel, locking in revenue visibility amid volatile spot rates. Balance sheet and liquidity actions: Scorpio Tankers has prioritized debt reduction, expanded revolving credit capacity, and maintained over $1.2 billion in liquidity, providing resilience to weather future market disruptions and seize opportunities as they arise. Management expects future performance to hinge on evolving product demand, supply-side fleet dynamics, and the company's ability to maintain operational flexibility amid external risks. Refining rationalization: The closure of older refineries is expected to boost seaborne transportation needs, potentially increasing demand for Scorpio's services as refined products travel longer distances to end markets. Fleet age and supply constraints: An aging global tanker fleet and limited new vessel deliveries may restrict capacity growth, supporting rate environments if demand holds steady. Macro and policy risks: Persistent geopolitical uncertainty, shifting tariffs, and volatile oil production levels continue to cloud the outlook, requiring ongoing capital discipline and adaptable strategy to mitigate downside risks. Omar Nokta (Jefferies): Asked about the disconnect between ship values and tanker rates, and whether vessel values might adjust upwards if rates remain strong. CEO Emanuele Lauro responded that ship values have been pressured by global uncertainty, but fundamentals could drive a realignment if market clarity returns. Omar Nokta (Jefferies): Questioned if there were any recent changes in chartering habits due to tariffs and trade tensions. Chief Commercial Officer Lars Dencker Nielsen noted strong naphtha demand toward Asia and no significant change in chartering behavior for Scorpio's fleet. Chris Robertson (Deutsche Bank): Inquired about the sharp drop in vessel operating expenses and what run-rate OpEx should be expected. CFO Chris Avella recommended using a trailing 12-month average, with normalized OpEx for LR2s around $9,000 per day and slightly less for MRs and Handymaxes. Chris Robertson (Deutsche Bank): Sought clarity on the feedstock flexibility of Chinese ethane crackers and the potential market size for naphtha. Management estimated switching capacity around 300,000 barrels per day and highlighted increased naphtha flows to Asia. Liam Burke (B. Riley): Asked about the impact of increased crude production on refined product transportation. Management explained that higher crude output is positive for product tankers and noted recent fleet shifts from clean to crude trades, reducing concerns of cross-market cannibalization. Looking ahead, the StockStory team will be monitoring (1) the progression of refinery closures and their impact on global trade flows, (2) Scorpio Tankers' ability to maintain low operating costs as the drydocking cycle slows, and (3) shifts in fleet utilization between clean and crude markets. Developments in global policy and tariffs will also be key indicators for potential changes in demand and competitive positioning. Scorpio Tankers currently trades at a forward P/E ratio of 6.6×. Is the company at an inflection point that warrants a buy or sell? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
Pangaea (PANL) Reports Q1: Everything You Need To Know Ahead Of Earnings
Pangaea Logistics (NASDAQ:PANL) will be reporting earnings tomorrow afternoon. Here's what investors should know. Pangaea beat analysts' revenue expectations by 15.6% last quarter, reporting revenues of $147.2 million, up 11.6% year on year. It was a strong quarter for the company, with a solid beat of analysts' EBITDA estimates. Is Pangaea a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Pangaea's revenue to grow 22.6% year on year to $128.5 million, a reversal from the 7.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pangaea has missed Wall Street's revenue estimates three times over the last two years. Looking at Pangaea's peers in the marine transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Scorpio Tankers's revenues decreased 47.6% year on year, beating analysts' expectations by 1.7%, and Genco reported a revenue decline of 43.9%, topping estimates by 4.8%. Scorpio Tankers traded up 5.4% following the results while Genco's stock price was unchanged. Read our full analysis of Scorpio Tankers's results here and Genco's results here. There has been positive sentiment among investors in the marine transportation segment, with share prices up 9.9% on average over the last month. Pangaea is down 3.9% during the same time and is heading into earnings with an average analyst price target of $9.38 (compared to the current share price of $4.14). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
Pangaea (PANL) Reports Q1: Everything You Need To Know Ahead Of Earnings
Pangaea Logistics (NASDAQ:PANL) will be reporting earnings tomorrow afternoon. Here's what investors should know. Pangaea beat analysts' revenue expectations by 15.6% last quarter, reporting revenues of $147.2 million, up 11.6% year on year. It was a strong quarter for the company, with a solid beat of analysts' EBITDA estimates. Is Pangaea a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Pangaea's revenue to grow 22.6% year on year to $128.5 million, a reversal from the 7.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pangaea has missed Wall Street's revenue estimates three times over the last two years. Looking at Pangaea's peers in the marine transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Scorpio Tankers's revenues decreased 47.6% year on year, beating analysts' expectations by 1.7%, and Genco reported a revenue decline of 43.9%, topping estimates by 4.8%. Scorpio Tankers traded up 5.4% following the results while Genco's stock price was unchanged. Read our full analysis of Scorpio Tankers's results here and Genco's results here. There has been positive sentiment among investors in the marine transportation segment, with share prices up 9.9% on average over the last month. Pangaea is down 3.9% during the same time and is heading into earnings with an average analyst price target of $9.38 (compared to the current share price of $4.14). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
What To Expect From Genco's (GNK) Q1 Earnings
Maritime shipping company Genco (NYSE:GNK) will be announcing earnings results tomorrow after market hours. Here's what you need to know. Genco met analysts' revenue expectations last quarter, reporting revenues of $67.53 million, down 5.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts' EBITDA estimates but a miss of analysts' EPS estimates. It reported 42 owned vessels, down 8.7% year on year. Is Genco a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Genco's revenue to decline 46.5% year on year to $42.31 million, a reversal from the 42.5% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.27 per share. Genco Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Genco has missed Wall Street's revenue estimates three times over the last two years. Looking at Genco's peers in the marine transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Scorpio Tankers's revenues decreased 47.6% year on year, beating analysts' expectations by 1.7%, and Matson reported revenues up 8.3%, falling short of estimates by 4.4%. Scorpio Tankers traded up 5.4% following the results. Read our full analysis of Scorpio Tankers's results here and Matson's results here. There has been positive sentiment among investors in the marine transportation segment, with share prices up 12.3% on average over the last month. Genco is up 10.9% during the same time and is heading into earnings with an average analyst price target of $19.37 (compared to the current share price of $13.46). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
