Wall Street analyst estimates for Tenaris S.A. (TS): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Consensus price target
$67.33 (+12 % vs price $60.31)
between $60.00 and $80.00 · 3 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $12.2B | $12.1B – $12.3B | $3.78 | 6 |
| 2027E | $13.0B | $12.7B – $13.4B | $4.29 | 6 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 15 |
| Hold | 10 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 26 |
| Avg rating (−2 sell to +2 buy) | 0.54 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-04 | $0.80 | ||
| 2026-08-05 | $0.95 | $0.79 | +20.3% |
| 2026-05-06 | $1.07 | $0.87 | +23.0% |
| 2026-02-18 | $0.87 | $0.76 | +14.5% |
| 2025-10-29 | $0.85 | $0.75 | +13.3% |
| 2025-07-30 | $0.99 | $0.88 | +12.5% |
| 2025-04-30 | $0.94 | $0.80 | +17.5% |
| 2025-02-19 | $0.94 | $0.71 | +32.4% |
Valuation Ratios
| P/E Ratio | 16.48 |
| Price / Book | 1.79 |
| EV / EBITDA | 10.46 |
| Dividend Yield | 2.88% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.29B | $5.29B | $7.66B | $7.29B | $5.15B | $6.52B | $11.76B | $14.87B | $12.52B | $11.98B |
| Cost of Revenue | $3.17B | $3.69B | $5.28B | $5.11B | $4.09B | $4.61B | $7.09B | $8.67B | $8.14B | $7.86B |
| Gross Profit | $1.13B | $1.60B | $2.38B | $2.19B | $1.06B | $1.91B | $4.67B | $6.20B | $4.39B | $4.12B |
| Research & Development | $68.6M | $63.7M | $63.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $852.7M | $994.4M | $1.19B | $1.17B | $912.6M | $1.00B | $1.40B | $1.62B | $1.62B | $1.59B |
| Operating Expenses | $1.19B | $1.26B | $1.50B | $1.35B | $1.72B | $1.20B | $1.71B | $1.88B | $1.97B | $1.83B |
| Operating Income | -$59.1M | $334.6M | $871.8M | $832.4M | -$663.1M | $707.5M | $2.96B | $4.32B | $2.42B | $2.29B |
| EBITDA | $719.2M | $943.2M | $1.80B | $1.52B | $86.6M | $1.86B | $3.82B | $5.29B | $3.16B | $3.14B |
| Interest Expense | $22.3M | $27.1M | $38.0M | $45.0M | $27.0M | $23.7M | $45.9M | $106.9M | $61.2M | $46.9M |
| Pre-tax Income | $34.4M | $427.7M | $1.10B | $933.7M | -$619.3M | $1.24B | $3.17B | $4.63B | $2.56B | $2.47B |
| Income Tax | $17.1M | -$17.1M | $229.2M | $202.5M | $23.1M | $189.4M | $617.2M | $675.0M | $479.7M | $500.6M |
| Net Income | $55.3M | $544.7M | $876.1M | $742.7M | -$634.4M | $1.10B | $2.55B | $3.92B | $2.04B | $1.93B |
| EPS | $0.10 | $0.92 | $1.48 | $1.26 | $-1.08 | $1.86 | $4.32 | $6.66 | $7.24 | $3.72 |
| EPS (Diluted) | $0.10 | $0.92 | $1.48 | $1.26 | $-1.08 | $1.86 | $4.32 | $6.66 | $7.24 | $3.72 |
| Shares Outstanding (Diluted) | 590.3 M | 590.3 M | 590.3 M | 590.3 M | 590.3 M | 590.3 M | 590.3 M | 589.2 M | 562.6 M | 519.8 M |
Price
| Price | $60.31 (closing price, October 30, 2026) |
| Market Cap | $32.4B |
| Exchange | NYSE |
| Country | LU |
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Explore sector: Energy · Oil & Gas Equipment & Services
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