Dorian LPG Ltd reports results for the quarter ended in September 30 - Earnings Summary

Dorian LPG

01/11/2024 03:08

* Dorian LPG Ltd  LPG.N  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $1.85.  The mean expectation of four analysts for the quarter
was for earnings of 56 cents per share. Wall Street expected
results to range from 35 cents to $1.01 per share.
    * Revenue fell 43% to $82.43 million from a year ago;
analysts
expected $85.62 million. 
    * Dorian LPG Ltd's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $9.43
million.
    * Dorian LPG Ltd shares had fallen by 14.1% this quarter and
lost 27.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Dorian LPG Ltd is
$45.05 
This summary was machine generated from LSEG data November 1 at
03:08 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.56           0.35           Missed
 Jun. 30 2024      0.98           1.26           Beat
 Mar. 31 2024      1.83           1.91           Beat
 Dec. 31 2023      2.03           2.62           Beat