Tenaris SA reports results for the quarter ended September 30 - Earnings Summary

• Tenaris SA reported quarterly adjusted earnings of $1.00​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of nine analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from 69 cents to 90 cents per share.

• Revenue rose 4.2% to $3.10 billion from a year ago; analysts expected $3.00 billion.

• Tenaris SA's reported EPS for the quarter was $1.00​.

• The company reported quarterly net income of $509.11 million.

• Tenaris SA shares had risen by 4.3% this quarter and gained 49.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Tenaris SA is $66.50, about 15.9% above its last closing price of $55.92

This summary was machine generated from LSEG data November 5 at 03:20 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)