Global Ship Lease Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-13

Global Ship Lease (NYSE:GSL) Third Quarter 2024 Results Key Financial Results Revenue: US$174.1m (flat on 3Q 2023). Net income: US$78.8m (down 4.7% from 3Q 2023). Profit margin: 45% (down from 48% in...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 8.0%.Looking ahead, revenue is forecast to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.The company's shares are down 4.0% from a week ago.It's necessary to consider the ever-present spectre of investment risk.   We've identified 2 warning signs  with Global Ship Lease , and understanding these should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GSL":"环球租船"},"translate_title":"全球船舶租赁2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GSL":0.9},"content_text":"Global Ship Lease (NYSE:GSL) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$174.1m (flat on 3Q 2023).\nNet income: US$78.8m (down 4.7% from 3Q 2023).\nProfit margin: 45% (down from 48% in 3Q 2023).\nEPS: US$2.22 (down from US$2.34 in 3Q 2023).\n\n\n\n\n  NYSE:GSL Earnings and Revenue Growth November 13th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nGlobal Ship Lease EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. \n Looking ahead, revenue is forecast to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. \nPerformance of the American Shipping industry.\n The company's shares are down 4.0% from a week ago. \nRisk Analysis\n It's necessary to consider the ever-present spectre of investment risk.   We've identified 2 warning signs  with Global Ship Lease (at least 1 which doesn't sit too well with us), and understanding these should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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