Global Ship Lease (GSL) Surpasses Market Returns: Some Facts Worth Knowing
Global Ship Lease (GSL) closed the most recent trading day at $20.02, moving +1.73% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.32%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.2%.
Prior to today's trading, shares of the containership owner had lost 1.8% over the past month. This has lagged the Transportation sector's gain of 2.86% and the S&P 500's gain of 5.11% in that time.
Market participants will be closely following the financial results of Global Ship Lease in its upcoming release. The company is expected to report EPS of $2.33, up 9.91% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $170.7 million, showing a 7.16% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.40 per share and a revenue of $676.08 million, representing changes of +4.1% and +0.19%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Global Ship Lease. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.68% upward. 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 2.09. This expresses a discount compared to the average Forward P/E of 8.13 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Global Ship Lease, Inc. (GSL) : Free Stock Analysis Report
