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Global Ship Lease (GSL) Beats Stock Market Upswing: What Investors Need to Know
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In the latest market close, Global Ship Lease (GSL - Free Report) reached $20.30, with a +0.5% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.12%.
The the stock of containership owner has fallen by 0.15% in the past month, lagging the Transportation sector's gain of 1.53% and the S&P 500's gain of 3.55%.
Investors will be eagerly watching for the performance of Global Ship Lease in its upcoming earnings disclosure. The company is expected to report EPS of $2.33, up 9.91% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $170.7 million, showing a 7.16% escalation compared to the year-ago quarter.
GSL's full-year Zacks Consensus Estimates are calling for earnings of $9.40 per share and revenue of $676.08 million. These results would represent year-over-year changes of +4.1% and +0.19%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Global Ship Lease. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.68% rise in the Zacks Consensus EPS estimate. Global Ship Lease is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Global Ship Lease is at present trading with a Forward P/E ratio of 2.15. This indicates a discount in contrast to its industry's Forward P/E of 8.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 80, this industry ranks in the top 32% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Global Ship Lease (GSL) Beats Stock Market Upswing: What Investors Need to Know
In the latest market close, Global Ship Lease (GSL - Free Report) reached $20.30, with a +0.5% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.12%.
The the stock of containership owner has fallen by 0.15% in the past month, lagging the Transportation sector's gain of 1.53% and the S&P 500's gain of 3.55%.
Investors will be eagerly watching for the performance of Global Ship Lease in its upcoming earnings disclosure. The company is expected to report EPS of $2.33, up 9.91% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $170.7 million, showing a 7.16% escalation compared to the year-ago quarter.
GSL's full-year Zacks Consensus Estimates are calling for earnings of $9.40 per share and revenue of $676.08 million. These results would represent year-over-year changes of +4.1% and +0.19%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Global Ship Lease. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.68% rise in the Zacks Consensus EPS estimate. Global Ship Lease is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Global Ship Lease is at present trading with a Forward P/E ratio of 2.15. This indicates a discount in contrast to its industry's Forward P/E of 8.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 80, this industry ranks in the top 32% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.