Core Viewpoint - Nordic American Tankers (NAT) reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, but down from $0.13 per share a year ago, indicating a 42.86% earnings surprise [1][2] Financial Performance - The company posted revenues of $66.1 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 21.64%, although this is a decrease from $67.8 million in the same quarter last year [2] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [2] Stock Performance - Nordic American Tankers shares have declined approximately 14.3% since the beginning of the year, contrasting with the S&P 500's gain of 17.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $66.16 million, and for the current fiscal year, it is $0.41 on revenues of $264.07 million [7] Industry Outlook - The Transportation - Shipping industry, to which Nordic American Tankers belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [8]

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Clearly, options traders are pricing in a big move for Nordic American Tankers shares, but what is the fundamental picture for the company? Currently, Nordic American Tankers is a Zacks Rank #3 (Hold) in the Transportation - Shipping industry that ranks in the Top 19% of our Zacks Industry Rank. Over the last 60 days, the Zacks Consensus Estimate for the current quarter has moved from 9 cents per share to 7 cents. What is Implied Volatility? What do the Analysts Think? Looking to Trade Options? Click to see ...

As in the past, the Hansson family is the largest private shareholder group in the company. For contacts, please see at the end of this communication. Sincerely, Herbjorn Hansson Founder, Chairman & CEO Thursday, May 30, 2024 Dear Shareholders and Investors, Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, has today bought 350,000 shares in NAT at $4.0029 per share for a total sum of $1,4 million. Following these transa ...

Thursday, May 30, 2024 Dear Shareholders and Investors, Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, has today bought 350,000 shares in NAT at $4.0029 per share for a total sum of $1,4 million. Following these transactions, Monaco based Alexander Hansson privately owns 3,000,000 shares in NAT. As in the past, the Hansson family is the largest private shareholder group in the company. For contacts, please see at the ...

Highlights: Ninety day periods offer a short-term snapshot of a company, but it is also important to view the long-term picture. The values of our assets have seen a significant increase over the past years. The direction of NAT is unquestionably upward, with further room to grow. Sincerely, Wednesday, May 29, 2024 Dear Shareholders and Investors, encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, st ...

Wednesday, May 29, 2024 Dear Shareholders and Investors, Highlights: Ninety day periods offer a short-term snapshot of a company, but it is also important to view the long-term picture. The values of our assets have seen a significant increase over the past years. The direction of NAT is unquestionably upward, with further room to grow. 1. The first quarter of 2024 continued at a strong pace with healthy earnings. The Net Profit for the first quarter of 2024 came in at $15.1 million which is similar to the ...

Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The market expects Nordic American Tankers (NAT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture ...

Sincerely, Herbjorn Hansson Founder, Chairman & CEO Tuesday, May 14, 2024 Dear Shareholders and Investors, Please be advised that our 1Q 2024 Earnings Report is scheduled for release Wednesday May 29, 2024 before NYSE opening. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...