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Global Ship Lease (GSL) Dips More Than Broader Markets: What You Should Know

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Global Ship Lease (GSL) closed the most recent trading day at $15.20, moving -1.94% from the previous trading session. This change lagged the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.28%.

Prior to today's trading, shares of the containership owner had lost 21.88% over the past month. This has lagged the Transportation sector's loss of 0.6% and the S&P 500's gain of 1.51% in that time.

Investors will be hoping for strength from Global Ship Lease as it approaches its next earnings release. The company is expected to report EPS of $1.62, up 145.45% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $143.69 million, up 73.39% from the prior-year quarter.

GSL's full-year Zacks Consensus Estimates are calling for earnings of $7.07 per share and revenue of $592.77 million. These results would represent year-over-year changes of +45.47% and +32.33%, respectively.

Investors should also note any recent changes to analyst estimates for Global Ship Lease. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Global Ship Lease currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Global Ship Lease is currently trading at a Forward P/E ratio of 2.19. This valuation marks a discount compared to its industry's average Forward P/E of 2.88.

The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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