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Dorian LPG (LPG) Increases Despite Market Slip: Here's What You Need to Know
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Dorian LPG (LPG - Free Report) closed the most recent trading day at $32.14, moving +1.48% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.55%. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%.
Shares of the liquified petroleum gas shipping company witnessed a loss of 0.19% over the previous month, beating the performance of the Transportation sector with its loss of 2.32%, and underperforming the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of Dorian LPG in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.4, marking a 300% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $120.72 million, indicating a 47.8% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.91 per share and a revenue of $410.88 million, signifying shifts of +72.25% and +17.43%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Dorian LPG. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Dorian LPG is carrying a Zacks Rank of #3 (Hold).
Investors should also note Dorian LPG's current valuation metrics, including its Forward P/E ratio of 8.1. For comparison, its industry has an average Forward P/E of 11.22, which means Dorian LPG is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 61, positioning it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LPG in the coming trading sessions, be sure to utilize Zacks.com.
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Dorian LPG (LPG) Increases Despite Market Slip: Here's What You Need to Know
Dorian LPG (LPG - Free Report) closed the most recent trading day at $32.14, moving +1.48% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.55%. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%.
Shares of the liquified petroleum gas shipping company witnessed a loss of 0.19% over the previous month, beating the performance of the Transportation sector with its loss of 2.32%, and underperforming the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of Dorian LPG in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.4, marking a 300% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $120.72 million, indicating a 47.8% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.91 per share and a revenue of $410.88 million, signifying shifts of +72.25% and +17.43%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Dorian LPG. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Dorian LPG is carrying a Zacks Rank of #3 (Hold).
Investors should also note Dorian LPG's current valuation metrics, including its Forward P/E ratio of 8.1. For comparison, its industry has an average Forward P/E of 11.22, which means Dorian LPG is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 61, positioning it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LPG in the coming trading sessions, be sure to utilize Zacks.com.