Greece's Global Ship Lease Q1 adjusted EPS beats estimates

Global Ship Lease

22/05/2026 13:12

Overview

Greece-based containership owner reported Q1 revenue up 3.7% yr/yr, driven by higher charter rates

Adjusted EPS for Q1 beat analyst expectations

Company agreed to sell three non-core ships for $52 mln, with delivery after charters expire

Outlook

Company has secured 100% contract coverage for 2026 and 86% for 2027

Company cites ongoing geopolitical instability and freight market volatility as current market conditions

Company says increased bunker fuel costs are leading charterers to slow ships, reducing effective vessel supply

Result Drivers

HIGHER CHARTER RATES - Co said revenue growth was driven by higher rates on charter renewals and addition of newly acquired vessels

IMPROVED UTILIZATION - Co reported fewer offhire and idle days, raising utilization to 98.2% from 93.7% yr/yr

SUPPLY CHAIN DISRUPTION - Co said closure of Strait of Hormuz and supply chain fragmentation increased containership demand and fleet flexibility value

Company press release: ID:nGNX9Vjxrd

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$2.56
$2.46 (4 Analysts)
Q1 EPS
$2.54
Q1 Adjusted Net Income
Beat
$92.10 mln
$87.43 mln (2 Analysts)
Q1 Net Income
$91.40 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Global Ship Lease Inc is $48.00, about 17.2% above its May 21 closing price of $40.94

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)