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

Grindrod Shipping Holdings

28/11/2023 23:19

* Grindrod Shipping Holdings Ltd  GRIN.OQ  reported a
quarterly
adjusted loss of 33 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.14.  The lone analyst forecast for
the quarter was for a loss of 21 cents per share. 
    * Revenue fell 67.6% to $34.79 million from a year ago;
analysts
expected $47.88 million. 
    * Grindrod Shipping Holdings Ltd's reported EPS for the
quarter
was a loss of 44 cents​.
    * The company reported a quarterly loss of $8.49 million.
    * Grindrod Shipping Holdings Ltd shares had risen by 16.9%
this
quarter and lost 41.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 197.3% 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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the marine
freight &
logistics peer group is also "hold"

This summary was machine generated from LSEG data November 28 at
11:18 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.21          -0.33          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