StealthGas Inc reports results for the quarter ended in March - Earnings Summary

StealthGas

23/05/2024 15:29

* StealthGas Inc  GASS.OQ  reported quarterly adjusted
earnings of
53 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 45
cents.  The lone analyst forecast for the quarter was
for earnings of 24 cents per share. 
    * Revenue rose 9.2% to $41.56 million from a year ago;
analysts
expected $34.30 million. 
    * StealthGas Inc's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $17.73
million.
    * StealthGas Inc shares had risen by 15.5% this quarter and
gained 6.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"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 StealthGas Inc is
$10.00 
This summary was machine generated from LSEG data May 23 at
02:28 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      0.24           0.53           Beat
 Dec. 31 2023      0.30           0.29           Missed
 Sep. 30 2023      0.15           0.16           Beat
 Jun. 30 2023      0.14           0.28           Beat