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

Grindrod Shipping Holdings

05/09/2023 21:58

* Grindrod Shipping Holdings Ltd  GRIN.OQ  reported
quarterly
adjusted earnings of 28 cents​​ per share for the quarter ended
in June. The lone analyst forecast for the quarter was for a
loss of 21 cents per share.
    * Revenue fell 76% to $38.83 million from a year ago;
analysts
expected $37.10 million. 
    * Grindrod Shipping Holdings Ltd's reported EPS for the
quarter
was 28 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1,005.3% 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 fallen by 8.0%
this
quarter and lost 58.3% so far this year.
    * The company reported quarterly net income of $5.54
million.
    * Wall Street's median 12-month price target for Grindrod
Shipping
Holdings Ltd is $12.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
September 5 at 08:58 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.21          0.28           Beat
 Mar. 31 2023      -0.63          -0.22          Beat
 Dec. 31 2022      0.74           -0.24          Missed
 Sep. 30 2022      1.83           1.14           Missed