For the first quarter Scorpio Tankers posted earnings of 1 cent a share, missing the Capital IQ Consensus Estimate of 3 cents a share by 2 cents. Revenue grew 70.8% from the year-ago quarter to $76.7 million, beating the consensus estimate of $74.84 million.
The earnings include a gain of $51.4 million, or 27 cents a share, from the sale of seven Very Large Crude Carriers under construction.
Must read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates SCORPIO TANKERS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SCORPIO TANKERS INC (STNG) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."
Highlights from the analysis by TheStreet Ratings Team goes as follows: