Crude oil tanker operator DHT Holdings (NYSE:DHT) will be announcing earnings results this Tuesday afternoon. Here’s what to expect.
DHT Holdings beat analysts’ revenue expectations last quarter, reporting revenues of $118.1 million, up 37.1% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EBITDA estimates.
Is DHT Holdings a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting DHT Holdings’s revenue to grow 90.2% year on year, a reversal from the 25.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. DHT Holdings has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at DHT Holdings’s peers in the upstream & integrated segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Kinder Morgan delivered year-on-year revenue growth of 13.8%, beating analysts’ expectations by 3.3%, and Expand Energy reported revenues up 41%, topping estimates by 48.2%. Kinder Morgan’s stock price was unchanged after the resultswhile Expand Energy was up 4.2%.
Read our full analysis of Kinder Morgan’s results here and Expand Energy’s results here.
There has been positive sentiment among investors in the upstream & integrated segment, with share prices up 4.1% on average over the last month. DHT Holdings is up 1.9% during the same time and is heading into earnings with an average analyst price target of $20.20 (compared to the current share price of $18.87).
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