Overview
Danaos Q3 operating revenue grows 1.8% yr/yr, adjusted EPS misses analyst expectations
Company repurchased shares worth $213.6 mln under $300 mln authorized buyback program
Outlook
Danaos expects conventional fuels to remain prevalent in the medium term
Result Drivers
NEW VESSEL ADDITIONS - $11.2 mln increase in container vessel segment revenues due to newbuilding containership vessel additions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue | $260.7 mln | ||
Q3 Adjusted EPS | Miss | $6.75 | $7.17 (2 Analysts) |
Q3 Adjusted Net Income | $124.1 mln | $134.5 mln (1 Analyst) |
Analyst Coverage
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 "buy"
Wall Street's median 12-month price target for Danaos Corp is $101.50, about 6.8% above its November 14 closing price of $94.61
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 3 three months ago
Press Release: ID:nPn2tHyKsa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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