INSW

INSW gears up for Q3 earnings, with sharply higher profit and revenue estimates as strong tanker rates may offset fuel costs and demand uncertainty.

International Seaways (INSW) has put fresh attention on its stock after agreeing to acquire Bruton Limited for about $370 million, adding four Very Large Crude Carriers to its roughly 70 vessel fleet.

International Seaways (NYSE: INSW) agreed to acquire Bruton Limited for about US$370 million, adding four VLCC tankers to its fleet.

International Seaways (INSW) reported preliminary Q3 net income Friday of approximately $340 million

INSW fleet expansion, rising earnings estimates and record dividends fuel its growth prospects, while shares have surged 182.6% in a year.

Here is how International Seaways (INSW) and Nippon Yusen Kabushiki Kaisha (NPNYY) have performed compared to their sector so far this year.

International Seaways (INSW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

International Seaways (INSW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

In the past quarter, International Seaways reported record second-quarter net income as soaring tanker rates and higher time charter equivalent revenues reflected disruptions around key Middle East chokepoints such as the Strait of Hormuz.