Scorpio Tankers (STNG) Surges 11.0%: Is This an Indication of Further Gains?

Company Overview - Scorpio Tankers (STNG) shares increased by 11% to close at $35.36, supported by high trading volume, contrasting with a 19.7% loss over the past four weeks [1] - The company is benefiting from strong fundamentals in the product tanker market, despite facing tariff-related challenges [2] Earnings Expectations - STNG is projected to report quarterly earnings of$ 0.90 per share, reflecting a year-over-year decline of 77.3%, with revenues expected at $199.9 million, down 48.7% from the previous year [3] - The consensus EPS estimate for STNG has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] Industry Context - Scorpio Tankers operates within the Zacks Transportation - Shipping industry, where another company, Costamare (CMRE), has seen a 1.9% decline in its stock price, with a monthly return of -13.6% [4] - Costamare's consensus EPS estimate has also remained unchanged at$ 0.48, representing a 23.8% decrease from the previous year [5]