Global Ship Lease Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Global Ship Lease (NYSE:GSL) Full Year 2023 Results
Key Financial Results
Revenue: US$674.8m (up 12% from FY 2022).
Net income: US$295.0m (up 4.1% from FY 2022).
Profit margin: 44% (down from 47% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$8.38 (up from US$7.74 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Global Ship Lease Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 5.7%.
Looking ahead, revenue is forecast to decline by 11% p.a. on average during the next 2 years, while revenues in the Shipping industry in the US are expected to remain flat.
Performance of the American Shipping industry.
The company's shares are down 7.8% from a week ago.
Risk Analysis
Be aware that Global Ship Lease is showing 3 warning signs in our investment analysis and 1 of those is concerning...
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