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Global Ship Lease (GSL) Stock Sinks As Market Gains: What You Should Know

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Global Ship Lease (GSL) closed the most recent trading day at $17.13, moving -1.27% from the previous trading session. This change lagged the S&P 500's 0.95% gain on the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.12%.

Coming into today, shares of the containership owner had lost 21.88% in the past month. In that same time, the Transportation sector lost 3.6%, while the S&P 500 lost 3.49%.

Wall Street will be looking for positivity from Global Ship Lease as it approaches its next earnings report date. The company is expected to report EPS of $1.79, up 171.21% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $147.26 million, up 77.69% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.45 per share and revenue of $597.13 million. These totals would mark changes of +53.29% and +33.3%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Global Ship Lease. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Global Ship Lease is holding a Zacks Rank of #4 (Sell) right now.

Investors should also note Global Ship Lease's current valuation metrics, including its Forward P/E ratio of 2.33. For comparison, its industry has an average Forward P/E of 3.49, which means Global Ship Lease is trading at a discount to the group.

The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 14% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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