Tenaris S.A.(US:TS) ZACKS·2024-11-07 02:00Core Insights - Tenaris S.A. reported a revenue of $2.92 billion for the quarter ended September 2024, reflecting a 10% decrease year-over-year, but exceeding the Zacks Consensus Estimate by 5.82% [1] - The company's EPS was $0.81, down from $0.91 in the same quarter last year, but it surpassed the consensus EPS estimate of $0.63 by 28.57% [1] Revenue and Sales Performance - Tubes Sales volume - Seamless reached 746 Kmt, exceeding the average estimate of 713.79 Kmt [3] - Total Tubes Sales volume was 937 Kmt, compared to the average estimate of 897.08 Kmt [3] - Tubes Sales volume - Welded was 191 Kmt, above the estimated 183.3 Kmt [3] - Net sales for Tubes in North America were $1.27 billion, surpassing the average estimate of $1.06 billion [3] - Net sales for Tubes in Asia Pacific, Middle East, and Africa were $754 million, slightly above the average estimate of $744.57 million [3] - Net sales for Tubes in Europe were $280 million, exceeding the average estimate of $257.55 million [3] - Net sales for Tubes in South America were $484 million, slightly below the average estimate of $487.49 million [3] - Revenues from Others were $125 million, significantly lower than the average estimate of $231.54 million, representing a year-over-year decline of 12.6% [3] - Total Revenues from Tubes were $2.79 billion, above the average estimate of $2.55 billion, but down 9.9% year-over-year [3] Stock Performance - Tenaris shares have returned +6.7% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]