Golden Ocean Group Ltd reports results for the quarter ended September 30 - Earnings Summary
Golden Ocean Group Ltd GOGL.OQ reported quarterly adjusted earnings of 28 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of seven analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 25 cents to 43 cents per share.
Revenue rose 31.9% to $206.56 million from a year ago; analysts expected $195.75 million.
Golden Ocean Group Ltd's reported EPS for the quarter was 28 cents.
The company reported quarterly net income of $56.33 million.
Golden Ocean Group Ltd shares had fallen by 18.8% this quarter and gained 11.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 15.4% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the marine freight & logistics peer group is also "buy"
Wall Street's median 12-month price target for Golden Ocean Group Ltd is $17.00
This summary was machine generated from LSEG data November 27 at 02:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 0.32 | 0.28 | Missed |
Jun. 30 2024 | 0.30 | 0.31 | Beat |
Mar. 31 2024 | 0.26 | 0.33 | Beat |
Dec. 31 2023 | 0.27 | 0.29 | Beat |
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