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Golar LNG (GLNG) Stock Moves -0.58%: What You Should Know
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Golar LNG (GLNG - Free Report) closed at $25.78 in the latest trading session, marking a -0.58% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.03%. Elsewhere, the Dow lost 1.15%, while the tech-heavy Nasdaq added 0.37%.
Coming into today, shares of the operator of carriers for natural gas shipping had lost 3.57% in the past month. In that same time, the Transportation sector lost 8.37%, while the S&P 500 lost 3.51%.
Investors will be hoping for strength from Golar LNG as it approaches its next earnings release. The company is expected to report EPS of $0.24, up 2500% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $64.95 million, down 38.37% from the year-ago period.
GLNG's full-year Zacks Consensus Estimates are calling for earnings of $0.61 per share and revenue of $270.88 million. These results would represent year-over-year changes of -63.03% and -38.62%, respectively.
It is also important to note the recent changes to analyst estimates for Golar LNG. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 38.72% lower within the past month. Golar LNG is currently a Zacks Rank #3 (Hold).
In terms of valuation, Golar LNG is currently trading at a Forward P/E ratio of 42.74. This valuation marks a premium compared to its industry's average Forward P/E of 3.12.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 78, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Golar LNG (GLNG) Stock Moves -0.58%: What You Should Know
Golar LNG (GLNG - Free Report) closed at $25.78 in the latest trading session, marking a -0.58% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.03%. Elsewhere, the Dow lost 1.15%, while the tech-heavy Nasdaq added 0.37%.
Coming into today, shares of the operator of carriers for natural gas shipping had lost 3.57% in the past month. In that same time, the Transportation sector lost 8.37%, while the S&P 500 lost 3.51%.
Investors will be hoping for strength from Golar LNG as it approaches its next earnings release. The company is expected to report EPS of $0.24, up 2500% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $64.95 million, down 38.37% from the year-ago period.
GLNG's full-year Zacks Consensus Estimates are calling for earnings of $0.61 per share and revenue of $270.88 million. These results would represent year-over-year changes of -63.03% and -38.62%, respectively.
It is also important to note the recent changes to analyst estimates for Golar LNG. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 38.72% lower within the past month. Golar LNG is currently a Zacks Rank #3 (Hold).
In terms of valuation, Golar LNG is currently trading at a Forward P/E ratio of 42.74. This valuation marks a premium compared to its industry's average Forward P/E of 3.12.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 78, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.