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Shipping Stocks Reporting Earnings on Jul 28: DSX, LPG & More
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Shipping stocks fall under the broader Transportation sector (one of the 16 Zacks sectors).The division is one of the sectors to have recorded negative earnings growth in Q2 so far as per our latest Earnings Trends report. The report also states that the sector (S&P 500 companies) is likely to end Q2 with earnings deceleration (-12.6%) – being one of the nine Zacks sectors that are likely to do so. The gloomy outlook highlights the multiple headwinds confronting the sector participants.
In fact, the entire S&P 500 space is projected to end Q2 with negative earnings growth rate of 3.4%. We will have reports from over 950 companies including 189 S&P 500 players by the end of this week. The plethora of releases this week will throw further light on this quarter’s performance for not only the transportation sector, but for the entire S&P 500 index.
Jul 28 is going to be a busy day with earnings reports flowing in from every corner, especially for the transportation sector, including shipping. Low freight rates, overcapacity and a dearth of bank financing, among others, have been hurting shipping companies for quite some time now. Let’s take a look at how the shipping companies are positioned ahead of the quarterly releases on Jul 28.
Diana Shipping Inc. (DSX - Free Report) is a global provider of shipping transportation services.According to our quantitative model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. Even though the company has a Zacks Rank #3, its Earnings ESP of -5.00% acts as a spoiler, making an earnings beat unlikely in the second quarter of 2016.
Dorian LPG Ltd (LPG - Free Report) is a liquefied petroleum gas shipping company. It operates worldwide, focusing on owning and operating Very Large Gas Carriers. The carrier is unlikely to beat the Zacks Consensus Estimate in the first quarter of fiscal 2017. This is because the company has an Earnings ESP of 0.00% with the Most Accurate estimate matching the Zacks Consensus Estimate. The company has a Zacks Rank #5 (Strong Sell) which further dims the possibilities of an earnings beat.
Navios Maritime Midstream Partners L.P. ) operates and owns large crude oil tankers under long-term contracts with foreign oil companies, massive vessel operators and refiners. The company has a Zacks Rank #3 but its Earnings ESP of 0.00% (the Most Accurate estimate is in line with the Zacks Consensus Estimate of 39 cents) makes an earnings beat unlikely in the second quarter of 2016.
SAFE BULKERS (SB - Free Report) is an international provider of marine drybulk transportation services. The company has a Zacks Rank #3. However, its Earnings ESP of 0.00% (the Most Accurate estimate in line with the Zacks Consensus Estimate) acts as a spoiler for its second-quarter 2016 results.
Scorpio Tankers Inc. (STNG - Free Report) is a provider of marine transportation of petroleum products worldwide. The company has an Earnings ESP of -40.00% as the Most Accurate estimate is pegged at 3 cents while the Zacks Consensus Estimate is 2 cents higher. The company has a Zacks Rank #4 (Sell). The unfavorable combination makes an earnings beat unlikely for the company in the second quarter of 2016.
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Shipping Stocks Reporting Earnings on Jul 28: DSX, LPG & More
Shipping stocks fall under the broader Transportation sector (one of the 16 Zacks sectors).The division is one of the sectors to have recorded negative earnings growth in Q2 so far as per our latest Earnings Trends report. The report also states that the sector (S&P 500 companies) is likely to end Q2 with earnings deceleration (-12.6%) – being one of the nine Zacks sectors that are likely to do so. The gloomy outlook highlights the multiple headwinds confronting the sector participants.
In fact, the entire S&P 500 space is projected to end Q2 with negative earnings growth rate of 3.4%. We will have reports from over 950 companies including 189 S&P 500 players by the end of this week. The plethora of releases this week will throw further light on this quarter’s performance for not only the transportation sector, but for the entire S&P 500 index.
Jul 28 is going to be a busy day with earnings reports flowing in from every corner, especially for the transportation sector, including shipping. Low freight rates, overcapacity and a dearth of bank financing, among others, have been hurting shipping companies for quite some time now. Let’s take a look at how the shipping companies are positioned ahead of the quarterly releases on Jul 28.
Diana Shipping Inc. (DSX - Free Report) is a global provider of shipping transportation services.According to our quantitative model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. Even though the company has a Zacks Rank #3, its Earnings ESP of -5.00% acts as a spoiler, making an earnings beat unlikely in the second quarter of 2016.
DIANA SHIPPING Price and EPS Surprise
DIANA SHIPPING Price and EPS Surprise | DIANA SHIPPING Quote
Dorian LPG Ltd (LPG - Free Report) is a liquefied petroleum gas shipping company. It operates worldwide, focusing on owning and operating Very Large Gas Carriers. The carrier is unlikely to beat the Zacks Consensus Estimate in the first quarter of fiscal 2017. This is because the company has an Earnings ESP of 0.00% with the Most Accurate estimate matching the Zacks Consensus Estimate. The company has a Zacks Rank #5 (Strong Sell) which further dims the possibilities of an earnings beat.
DORIAN LPG LTD Price and EPS Surprise
DORIAN LPG LTD Price and EPS Surprise | DORIAN LPG LTD Quote
Navios Maritime Midstream Partners L.P. ) operates and owns large crude oil tankers under long-term contracts with foreign oil companies, massive vessel operators and refiners. The company has a Zacks Rank #3 but its Earnings ESP of 0.00% (the Most Accurate estimate is in line with the Zacks Consensus Estimate of 39 cents) makes an earnings beat unlikely in the second quarter of 2016.
NAVIOS MARITIME Price and EPS Surprise
NAVIOS MARITIME Price and EPS Surprise | NAVIOS MARITIME Quote
SAFE BULKERS (SB - Free Report) is an international provider of marine drybulk transportation services. The company has a Zacks Rank #3. However, its Earnings ESP of 0.00% (the Most Accurate estimate in line with the Zacks Consensus Estimate) acts as a spoiler for its second-quarter 2016 results.
SAFE BULKERS Price and EPS Surprise
SAFE BULKERS Price and EPS Surprise | SAFE BULKERS Quote
Scorpio Tankers Inc. (STNG - Free Report) is a provider of marine transportation of petroleum products worldwide. The company has an Earnings ESP of -40.00% as the Most Accurate estimate is pegged at 3 cents while the Zacks Consensus Estimate is 2 cents higher. The company has a Zacks Rank #4 (Sell). The unfavorable combination makes an earnings beat unlikely for the company in the second quarter of 2016.
SCORPIO TANKERS Price and EPS Surprise
SCORPIO TANKERS Price and EPS Surprise | SCORPIO TANKERS Quote
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