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Euronav (CMBT)
:CMBT
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
1.93Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -16.22%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, fleet expansion, and positive developments in hydrogen technology. However, challenges such as geopolitical risks, economic issues in China, and a cautious outlook on the container market were noted. Overall, the positive aspects, especially in financial metrics and fleet growth, outweigh the negatives.Company Guidance
During the earnings call for CMB.TECH's Q3 2024 results, the company reported a net profit of $98.1 million and an EBITDA of $116 million. The liquidity at the end of the quarter was $326 million, while the contract backlog remained at $2.06 billion. The outstanding CapEx was noted as $2.5 billion, with equity on total assets at 30.4%. The fleet expanded with the delivery of eight newbuilding vessels, while two older tankers were sold, generating a capital gain of $61 million. CMB.TECH's weighted average earnings for tankers were $40,000, with a P&L break-even of $25,900. The year-to-date profit reached $777.7 million, and the company expressed a positive outlook on most markets, with caution advised for the container sector. The commitment to maintaining a diversified, future-proof fleet and focusing on decarbonization was reiterated, alongside an emphasis on expanding contract backlog and managing the balance sheet prudently.Strong Financial Performance
The company ended Q3 with a net profit of $98.1 million, and a trailing 12-month net income of nearly $1.2 billion. EBITDA for the quarter was $116 million.
Fleet Expansion
Delivery of 8 newbuilding vessels and sale of 2 older tankers, generating a capital gain of $61 million. The fleet is expected to grow to 156 vessels by end of 2026.
Contract Backlog
Contract backlog stands at $2.06 billion, with an addition of $57 million on the chemical tanker segment.
Hydrogen Engine R&D Centre
Inauguration of Hydrogen Engine Research & Development Centre in partnership with JPNH₂YDRO.
Positive Market Outlook
Positive indicators in tanker supply and demand, as well as dry bulk markets, with a low order book to fleet ratio suggesting manageable future growth.
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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 |
|---|---|---|---|
| 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% |
| Feb 01, 2024 | $13.22 | $13.28 | +0.45% |
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 Feb 27, 2025, TBA Not Confirmed.
What is Euronav (CMBT) earnings time?
Euronav (CMBT) earnings time is at Feb 27, 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 2024 (Q4) is 0.19.
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