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Pyxis Tankers (PXS)
:PXS
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
1.76Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -1.99%
|Next Earnings Date:Aug 10, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant revenue growth and successful expansion into the dry-bulk sector. Despite facing challenges such as soft charter rates and geopolitical uncertainties, the company maintains a positive market outlook and strategic financial management. The highlights outweigh the lowlights, indicating a positive sentiment.Company Guidance
During the Q3 2024 earnings call for Pyxis Tankers, guidance was provided by executives Eddie Valentis and Henry Williams. The company reported a solid financial performance, driven by favorable market conditions and a successful expansion into the dry-bulk sector. Key metrics included a consolidated time charter equivalent (TCE) revenue of $11.7 million, marking a 25% increase from the previous year, and an adjusted EBITDA rise to $6.7 million. Net income was reported at $3.5 million with a basic EPS of $0.34, showing a $0.05 per share improvement compared to Q3 2023. For Q4 2024, 69% of available days for MR vessels were booked at an average estimated TCE rate of $24,630 per day, while 55% of available days for bulk carriers were booked at an average TCE of $13,190 per day. The company emphasized its commitment to pursuing accretive investment opportunities, maintaining a strong balance sheet, and continuing its common share repurchase program.Strong Financial Performance and Revenue Growth
Consolidated time charter equivalent revenues (TCE) of $11.7 million in Q3 2024, marking an increase of over 25% from the same period in 2023. Net income of $3.5 million or $0.34 basic EPS, representing a $0.05 per share improvement compared to Q3 2023.
Successful Expansion into Dry-Bulk Sector
Acquisition of the 2015-built Kamsarmax in late June, leading to a fleet of 6 modern midsized Eco vessels. Daily TCE for the fleet in Q3 2024 was approximately $22,000.
Strong Chartering Environment
MRs achieved a 6% improvement in daily TCE, reaching $29,826 for Q3 2024. Dry-bulk carriers reported an average daily TCE of $13,841.
Positive Market Outlook
Encouraging macroeconomic indicators such as easing inflationary pressures and anticipated interest rate cuts. Expected demand growth for product tankers due to new refinery capacity and geopolitical factors affecting ton-miles.
Strategic Financial Management
Consolidated leverage ratio of net funded debt stood at 22% of total capitalization. Common share buyback program reduced potential dilution, enhancing earnings and net asset value per share.
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PXS 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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PXS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 22, 2024 | $4.02 | $4.08 | +1.49% |
| Aug 12, 2024 | $4.88 | $4.97 | +1.84% |
| May 21, 2024 | $5.32 | $5.24 | -1.50% |
| Mar 14, 2024 | $4.68 | $4.77 | +1.92% |
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 Pyxis Tankers (PXS) report earnings?
Pyxis Tankers (PXS) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Pyxis Tankers (PXS) earnings time?
Pyxis Tankers (PXS) earnings time is at Mar 20, 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 PXS EPS forecast?
PXS EPS forecast for the fiscal quarter 2024 (Q4) is 0.17.
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