Diana Shipping Inc DSX.N reported quarterly breakeven results per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of two analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 2 cents per share.
Revenue fell 2.3% to $54.69 million from a year ago; analysts expected $52.00 million.
Diana Shipping Inc's reported EPS for the quarter was 3 cents.
The company reported quarterly net income of $3.1 million.
Diana Shipping Inc shares had risen by 9.6% this quarter and lost 18.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 50% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the marine freight & logistics peer group is also "buy"
Wall Street's median 12-month price target for Diana Shipping Inc is $2.60, about 38.5% above its last closing price of $1.60
This summary was machine generated from LSEG data July 30 at 01:32 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)