International Seaways is expected to report Q3 2026 revenue of $381.3 million and EPS of $4.60, with the current stock price of $111.79 trading roughly 11% below the average analyst price target of $126.00.
Investors are primarily focused on Time Charter Equivalent (TCE) rates, specifically looking for sustained strength in VLCC and Suezmax spot earnings amid ongoing geopolitical tensions.
Recent performance has been bolstered by significant multi-year highs in tanker rates, which have more than tripled year-over-year according to consensus estimates. Supporting this growth is a massive 300% projected increase in earnings per share as supply chain disruptions continue to elevate ton-mile demand.