Danaos Corp reports results for the quarter ended September 30 - Earnings Summary

• Danaos Corp DAC.N reported quarterly adjusted earnings of $6.50​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $7.26. The mean expectation of two analysts for the quarter was for earnings of $6.77 per share. Wall Street expected results to range from $6.69 to $6.86 per share.

• Revenue rose 7.1% to $256.18 million from a year ago; analysts expected $247.12 million.

• Danaos Corp's reported EPS for the quarter was $6.30​.

• The company reported quarterly net income of $123 million.

• Danaos Corp shares had fallen by 6.5% this quarter and gained 9.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 "buy"

Wall Street's median 12-month price target for Danaos Corp is $102.00

This summary was machine generated from LSEG data November 12 at 03:29 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)