Grindrod Shipping Holdings Ltd reports results for the quarter ended in June - Earnings Summary

Grindrod Shipping Holdings

17/08/2022 21:42

* Grindrod Shipping Holdings Ltd  GRIN.OQ  reported
quarterly
adjusted earnings of $2.81​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for earnings of $1.92 per share.
    * Revenue was $161.58 million​; analysts expected $130.20
million. 
    * Grindrod Shipping Holdings Ltd's reported EPS for the
quarter
was $2.92​.
    * The mean earnings estimate of analysts had risen by
about 20.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Grindrod Shipping Holdings Ltd shares had risen by 13.8%
this
quarter and gained 8.2% so far this year.
    * The company reported quarterly net income of $56.76
million.
    * Wall Street's median 12-month price target for Grindrod
Shipping
Holdings Ltd is $31.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 17
at 08:42 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.92           2.81           Beat
 Mar. 31 2022      1.36           1.56           Beat
 Dec. 31 2021      2.54           2.75           Beat
 Sep. 30 2021      2.09           2.28           Beat