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FLEX LNG to Report Q2 Earnings: What's in Store?

FLEX LNG (NYSE: FLNG) is scheduled to release second-quarter 2024 earnings results on Aug 14. The shipping company's earnings surpassed the Zacks Consensus Estimate in three of the last four quarters and missed on the remaining occasion, the average beat being 7.1%. Flex LNG Ltd. Price and EPS Surprise Flex LNG Ltd. price-eps-surprise | Flex LNG Ltd. Quote The Zacks Consensus Estimate for the to-be-reported quarter's earnings is pegged at 47 cents per share. The metric has remained stable in the past 60 days. The bottom-line projection indicates a year-over-year contraction of 9.6%. Against this backdrop, let's delve into the factors that might have impacted FLEX LNG's June-quarter performance. We expect the upbeat demand for liquefied natural gas to have aided FLEX LNG's performance in the to-be-reported quarter. Amid the prolonged Russia-Ukraine war, Europe is likely to seek gas supplies outside Russia. This is expected to have driven demand for LNG vessels. On the flip side, FLNG's performance is expected to have been ...