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Euronav (CMBT)
:CMBT
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
2.38Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 15.61%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call indicates strong financial performance, significant vessel deliveries, and a positive outlook for tankers and dry bulk markets. However, challenges remain in the container and dry bulk segments, and no dividend was declared for Q4. Additionally, the small free float is a concern for institutional investment.Company Guidance
In the CMB.TECH Fourth Quarter 2024 earnings call, the company reported robust financial performance, with a quarterly profit of $93 million and a full-year profit exceeding $870 million. The company maintained strong liquidity at $281 million and a significant contract backlog of $2.05 billion. Capital expenditure remains substantial at $2.1 billion, primarily due to newbuilding deliveries, including 20 vessels in 2024 and plans for around 20 annual deliveries in the coming years. The company realized capital gains of $116 million from asset sales in Q4 and Q1, although no dividend was declared for Q4. The fleet now comprises 115 vessels with 46 newbuilds underway. The tanker and dry bulk divisions show positive market outlooks, while the container sector remains cautious. Positive catalysts in the tanker market include OFAC sanctions, and the dry bulk sector anticipates increased iron ore supply from Africa. The company is pursuing diversification and decarbonization strategies, with ongoing interest in long-term contracts across various segments.Strong Financial Performance
CMB.TECH reported a profit of $93 million for Q4 2024, bringing the full-year profit to over $870 million for the second consecutive year.
Significant Vessel Deliveries and Sales
Delivered 20 newbuild vessels in 2024, including Super Eco Suezmax Orion, and generated a capital gain of $116 million from the sale of older vessels.
Positive Market Outlook for Tankers and Dry Bulk
Anticipating positive market conditions for tankers and dry bulk due to increased oil demand and new iron ore supply from Africa.
Diversification and Decarbonization Strategy
Continued focus on fleet rejuvenation with eco-friendly ships, including ammonia-powered vessels expected in 2025.
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CMBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $9.61 | $9.25 | -3.75% |
| Nov 07, 2024 | $13.32 | $13.16 | -1.20% |
| Aug 08, 2024 | $16.95 | $17.12 | +1.00% |
| May 08, 2024 | $13.01 | $13.94 | +7.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Euronav (CMBT) report earnings?
Euronav (CMBT) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Euronav (CMBT) earnings time?
Euronav (CMBT) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMBT EPS forecast?
CMBT EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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