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Dorian LPG (LPG) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Dorian LPG (LPG - Free Report) closed at $28.04, marking a -1.65% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
Shares of the liquified petroleum gas shipping company witnessed a gain of 11.54% over the previous month, beating the performance of the Transportation sector with its gain of 3.95%, and the S&P 500's gain of 5.35%.
Investors will be eagerly watching for the performance of Dorian LPG in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.61, reflecting a 51.59% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $86.45 million, down 24.4% from the year-ago period.
LPG's full-year Zacks Consensus Estimates are calling for earnings of $3.91 per share and revenue of $410.88 million. These results would represent year-over-year changes of +72.25% and +17.43%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Dorian LPG. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 63.6% higher within the past month. Dorian LPG presently features a Zacks Rank of #1 (Strong Buy).
Investors should also note Dorian LPG's current valuation metrics, including its Forward P/E ratio of 7.29. This valuation marks a discount compared to its industry average Forward P/E of 9.34.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 44, positioning it in the top 18% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Dorian LPG (LPG) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Dorian LPG (LPG - Free Report) closed at $28.04, marking a -1.65% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
Shares of the liquified petroleum gas shipping company witnessed a gain of 11.54% over the previous month, beating the performance of the Transportation sector with its gain of 3.95%, and the S&P 500's gain of 5.35%.
Investors will be eagerly watching for the performance of Dorian LPG in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.61, reflecting a 51.59% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $86.45 million, down 24.4% from the year-ago period.
LPG's full-year Zacks Consensus Estimates are calling for earnings of $3.91 per share and revenue of $410.88 million. These results would represent year-over-year changes of +72.25% and +17.43%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Dorian LPG. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 63.6% higher within the past month. Dorian LPG presently features a Zacks Rank of #1 (Strong Buy).
Investors should also note Dorian LPG's current valuation metrics, including its Forward P/E ratio of 7.29. This valuation marks a discount compared to its industry average Forward P/E of 9.34.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 44, positioning it in the top 18% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.