Published on 23 Feb 2023 on Zacks via Yahoo Finance

Is a Surprise Coming for Nordic American Tankers (NAT) This Earnings Season?

Investors are always looking for stocks that are poised to beat at earnings season and Nordic American Tankers Limited NAT may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because Nordic American Tankers is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for NAT in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 23 cents per share for NAT, compared to a broader Zacks Consensus Estimate of 22 cents per share. This suggests that analysts have very recently bumped up their estimates for NAT, giving the stock a Zacks Earnings ESP of +4.55% heading into earnings season.