Tsakos Energy Navigation(NYSE:TNP) stock fell by 2.88% on Friday after the company reported its Q2 earnings results on Thursday, October 7, 2021 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Tsakos Energy Navigation missed their estimated earnings by 19.2%, which surprised analysts.
Revenue was up $54,355,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12, which was followed by a 0.47% increase in the share price the next day.
Here’s a look at Tsakos Energy Navigation’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|
| EPS Estimate | -1.25 | -0.83 | 2.11 | ||
| EPS Actual | -1.49 | -0.71 | -1.08 | -0.55 | 1.77 |
| Price Change % | -2.88% | 0.47% | 3.2% | 0.76% | -3.46% |
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