Global Ship Lease Inc reports results for the quarter ended September 30 - Earnings Summary

• Global Ship Lease Inc GSL.N reported quarterly adjusted earnings of $2.45​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.33. The mean expectation of three analysts for the quarter was for earnings of $2.41 per share. Wall Street expected results to range from $2.26 to $2.49 per share.

• Revenue fell 0.3% to $174.06 million from a year ago; analysts expected $174.31 million.

• Global Ship Lease Inc's reported EPS for the quarter was $2.22​.

• The company reported quarterly net income of $78.76 million.

• Global Ship Lease Inc shares had fallen by 7.8% this quarter and gained 24.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% 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 3 "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 Global Ship Lease Inc is $29.00

This summary was machine generated from LSEG data November 11 at 03:30 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)