We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DHT Holdings (DHT) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
DHT Holdings (DHT - Free Report) closed the most recent trading day at $8.68, moving +1.4% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.34%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 8.98%.
Coming into today, shares of the independent oil tanker company had lost 9.32% in the past month. In that same time, the Transportation sector gained 2.34%, while the S&P 500 gained 1%.
DHT Holdings will be looking to display strength as it nears its next earnings release. In that report, analysts expect DHT Holdings to post earnings of $0.40 per share. This would mark year-over-year growth of 900%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $122.58 million, up 149.15% from the year-ago period.
Any recent changes to analyst estimates for DHT Holdings should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DHT Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, DHT Holdings is holding a Forward P/E ratio of 7.32. For comparison, its industry has an average Forward P/E of 5.14, which means DHT Holdings is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DHT Holdings (DHT) Outpaces Stock Market Gains: What You Should Know
DHT Holdings (DHT - Free Report) closed the most recent trading day at $8.68, moving +1.4% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.34%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 8.98%.
Coming into today, shares of the independent oil tanker company had lost 9.32% in the past month. In that same time, the Transportation sector gained 2.34%, while the S&P 500 gained 1%.
DHT Holdings will be looking to display strength as it nears its next earnings release. In that report, analysts expect DHT Holdings to post earnings of $0.40 per share. This would mark year-over-year growth of 900%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $122.58 million, up 149.15% from the year-ago period.
Any recent changes to analyst estimates for DHT Holdings should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DHT Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, DHT Holdings is holding a Forward P/E ratio of 7.32. For comparison, its industry has an average Forward P/E of 5.14, which means DHT Holdings is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.