StealthGas Inc GASS.OQ reported quarterly adjusted earnings of 55 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 75 cents. The lone analyst forecast for the quarter was for earnings of 30 cents per share.
Revenue rose 13% to $47.23 million from a year ago; analysts expected $39.50 million.
StealthGas Inc's reported EPS for the quarter was 55 cents.
The company reported quarterly net income of $20.44 million.
StealthGas Inc shares had risen by 12.9% this quarter and gained 28.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 11.8% 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 oil & gas transportation services peer group is also "buy"
Wall Street's median 12-month price target for StealthGas Inc is $10.00, about 27.6% above its last closing price of $7.24
This summary was machine generated from LSEG data August 25 at 02:12 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)