Global Ship Lease (GSL) Stock Declines While Market Improves: Some Information for Investors
The most recent trading session ended with Global Ship Lease (GSL) standing at $20.36, reflecting a -0.1% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.23%. At the same time, the Dow added 0.37%, and the tech-heavy Nasdaq gained 0.07%.
Coming into today, shares of the containership owner had lost 1.31% in the past month. In that same time, the Transportation sector gained 0.29%, while the S&P 500 gained 5.3%.
The investment community will be paying close attention to the earnings performance of Global Ship Lease in its upcoming release. It is anticipated that the company will report an EPS of $2.34, marking a 9.35% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $171.54 million, indicating a 3.95% increase compared to the same quarter of the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Global Ship Lease. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Global Ship Lease is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Global Ship Lease has a Forward P/E ratio of 2.23 right now. This expresses a discount compared to the average Forward P/E of 7.04 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 72, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GSL in the coming trading sessions, be sure to utilize Zacks.com.
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Global Ship Lease, Inc. (GSL) : Free Stock Analysis Report
