Global Ship Lease Inc reports results for the quarter ended in March - Earnings Summary

Global Ship Lease

16/05/2024 15:23

* Global Ship Lease Inc  GSL.N  reported quarterly adjusted
earnings of $2.53​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $2.12.  The mean expectation of three analysts
for the quarter was for earnings of $2.27 per share. Wall Street
expected results to range from $2.13  to $2.38 per share.
    * Revenue rose 12.7% to $179.56 million from a year ago;
analysts
expected $168.06 million. 
    * Global Ship Lease Inc's reported EPS for the quarter was
$2.54​.
    * The company reported quarterly net income of $89.51
million.
    * Global Ship Lease Inc shares had risen by 22.5% this
quarter and
gained 25.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Global Ship Lease
Inc is $26.50 
This summary was machine generated from LSEG data May 16 at
02:22 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      2.27           2.53           Beat
 Dec. 31 2023      2.35           2.49           Beat
 Sep. 30 2023      2.15           2.33           Beat
 Jun. 30 2023      2.08           2.09           Beat