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Global Ship Lease (GSL) Gains As Market Dips: What You Should Know
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Global Ship Lease (GSL - Free Report) closed at $15.92 in the latest trading session, marking a +0.95% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the containership owner had lost 25.08% over the past month, lagging the Transportation sector's loss of 8.64% and the S&P 500's loss of 6.03% in that time.
Investors will be hoping for strength from Global Ship Lease as it approaches its next earnings release. The company is expected to report EPS of $1.62, up 145.45% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $143.69 million, up 73.39% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.07 per share and revenue of $592.77 million, which would represent changes of +45.47% and +32.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Global Ship Lease. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.1% lower. Global Ship Lease is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Global Ship Lease has a Forward P/E ratio of 2.23 right now. This valuation marks a discount compared to its industry's average Forward P/E of 2.98.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% 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 GSL in the coming trading sessions, be sure to utilize Zacks.com.
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Global Ship Lease (GSL) Gains As Market Dips: What You Should Know
Global Ship Lease (GSL - Free Report) closed at $15.92 in the latest trading session, marking a +0.95% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the containership owner had lost 25.08% over the past month, lagging the Transportation sector's loss of 8.64% and the S&P 500's loss of 6.03% in that time.
Investors will be hoping for strength from Global Ship Lease as it approaches its next earnings release. The company is expected to report EPS of $1.62, up 145.45% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $143.69 million, up 73.39% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.07 per share and revenue of $592.77 million, which would represent changes of +45.47% and +32.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Global Ship Lease. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.1% lower. Global Ship Lease is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Global Ship Lease has a Forward P/E ratio of 2.23 right now. This valuation marks a discount compared to its industry's average Forward P/E of 2.98.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% 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 GSL in the coming trading sessions, be sure to utilize Zacks.com.