The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for INSW has increased 2.2%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, INSW currently has a Zacks Rank #2 (Buy), which ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. International Seaways (INSW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-todate performance to find out. International Seaways is a member of the Transportation sector. This group includes 135 individual stocks and currently holds a Zacks Sector Rank ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

International Seaways has a Value Score of A. The stock's Growth and Momentum Scores are C and A, respectively, giving the company a VGM Score of A. Shares of International Seaways (INSW) have been strong performers lately, with the stock up 19% over the past month. The stock hit a new 52-week high of $62.95 in the previous session. International Seaways has gained 37.9% since the start of the year compared to the 0.3% move for the Zacks Transportation sector and the 19% return for the Zacks Transportation ...

Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited tr ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

International Seaways, Inc. (NYSE:INSW) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants James Small - General Counsel and Chief Administrative Officer Lois Zabrocky - President and CEO Jeff Pribor - CFO Derek Solon - SVP and Chief Commercial Officer Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Christopher Robertson - Deutsche Bank Sherif Elmaghrabi - BTIG Operator Good morning. Thank you for attending today's International Seaways First Quarter 2024 ...

NYSE Forward-Looking Statements Non-GAAP Financial Measures Additional Information Business Review | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------|---------|---------|-----------------------------------------------------------|---------|---------|--------| | Strong Quarterly Earnings & Q2 Fixtures \nFirst Quarter 2024 & Last Twelve Months (LTM) Results \n$m except per share | Q1 2023 | Q2 20 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-37836-1 INTERNATIONAL SEAWAYS, INC. (Exact name of registrant as specified in its charter) Marshall Islands 98-0467117 (State or ...

Exhibit 99.1 INTERNATIONAL SEAWAYS REPORTS FIRST QUARTER 2024 RESULTS New York, NY – May 8, 2024– International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the first quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Strong Quarterly Earnings: · Net income for the first quarter of 2024 was $144.5 million, or $2.92 per diluted share. · Adjus ...