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Recap: Scorpio Tankers Q2 Earnings

  Scorpio Tankers (NYSE:STNG) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

Benzinga · 07/28/2022 07:15

 

Scorpio Tankers (NYSE:STNG) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Scorpio Tankers beat estimated earnings by 13.0%, reporting an EPS of $3.13 versus an estimate of $2.77.

Revenue was up $265.63 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.39 which was followed by a 0.2% increase in the share price the next day.

Here's a look at Scorpio Tankers's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.66 -0.75 -1.25 -0.64
EPS Actual -0.27 -0.79 -1.39 -0.94
Revenue Estimate 158.98M 151.10M 127.38M 155.89M
Revenue Actual 174.05M 147.91M 119.27M 139.44M

To track all earnings releases for Scorpio Tankers VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.