Earnings And Financial PerformanceConsensus EBITDA expectations for 2024 and 2025 appear optimistic, with an estimated downside of 2-5%.
Market OutlookThe flattish outlook for US OCTG volumes and pricing, coupled with the recent oil price decline, will dampen management’s willingness to send an overly optimistic message.
Stock ValuationThe current share price of Tenaris does not leave significant upside potential.