Advertisement
New Zealand markets close in 4 hours 46 minutes

  • NZX 50

    11,811.65
    -9.13 (-0.08%)
     

  • NZD/USD

    0.6015
    +0.0003 (+0.05%)
     

  • NZD/EUR

    0.5583
    +0.0005 (+0.09%)
     

  • ALL ORDS

    7,952.30
    +54.80 (+0.69%)
     

  • ASX 200

    7,682.40
    +53.40 (+0.70%)
     

  • OIL

    78.94
    +0.46 (+0.59%)
     

  • GOLD

    2,335.30
    +4.10 (+0.18%)
     

  • NASDAQ

    18,093.57
    +202.77 (+1.13%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • Dow Jones

    38,852.27
    +176.59 (+0.46%)
     

  • DAX

    18,175.21
    +173.61 (+0.96%)
     

  • Hang Seng

    18,578.30
    +102.38 (+0.55%)
     

  • NIKKEI 225

    38,236.07
    0.00 (0.00%)
     

  • NZD/JPY

    92.7290
    +0.2590 (+0.28%)
     

Compared to Estimates, Tenaris (TS) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Tenaris S.A. (TS) reported revenue of $3.44 billion, down 16.9% over the same period last year. EPS came in at $1.27, compared to $1.91 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.34 billion, representing a surprise of +3.03%. The company delivered an EPS surprise of +22.12%, with the consensus EPS estimate being $1.04.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Tenaris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total Tubes Sales volume: 1,046 Kmt versus the three-analyst average estimate of 1,013.02 Kmt.

  • Tubes Sales volume - Seamless: 777 Kmt versus the two-analyst average estimate of 800.48 Kmt.

  • Tubes Sales volume - Welded: 269 Kmt versus 219.06 Kmt estimated by two analysts on average.

  • Net sales- Tubes- North America: $1.49 billion compared to the $1.30 billion average estimate based on two analysts.

  • Revenues- Others: $310 million compared to the $232.30 million average estimate based on two analysts. The reported number represents a change of +85.6% year over year.

  • Revenues- Tubes: $3.13 billion compared to the $3.10 billion average estimate based on two analysts. The reported number represents a change of -21.2% year over year.

View all Key Company Metrics for Tenaris here>>>

Shares of Tenaris have returned -6.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Tenaris S.A. (TS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research