Crude oil tanker operator DHT Holdings (NYSE: DHT) will be reporting earnings this Monday after market hours. Here’s what investors should know.
DHT Holdings beat analysts’ revenue expectations last quarter, reporting revenues of $255.2 million, up 174% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS 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 221% year on year, a reversal from the 15.3% 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 will 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 infrastructure segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Calumet delivered year-on-year revenue growth of 56.1%, beating analysts’ expectations by 25.3%, and Expand Energy reported revenues up 11.6%, topping estimates by 54.4%. Expand Energy traded down 3.2% following the results.
Read our full analysis of Calumet’s results here and Expand Energy’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the infrastructure stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 10.8% on average over the last month. DHT Holdings is down 15.5% during the same time and is heading into earnings with an average analyst price target of $27.37 (compared to the current share price of $20.82).
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