Diana Shipping (NYSE: DSX ) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Diana Shipping's revenues will wither -31.0% and EPS will shrink to a loss.
The average estimate for revenue is $40.2 million. On the bottom line, the average EPS estimate is -$0.06.
Last quarter, Diana Shipping recorded revenue of $43.0 million. GAAP reported sales were 26% lower than the prior-year quarter's $58.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.00. GAAP EPS were -$0.04 for Q1 against $0.25 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.2%, much worse than the prior-year quarter. Operating margin was 4.4%, much worse than the prior-year quarter. Net margin was -7.4%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $166.1 million. The average EPS estimate is -$0.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,388 members out of 2,457 rating the stock outperform, and 69 members rating it underperform. Among 350 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 339 give Diana Shipping a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Diana Shipping is outperform, with an average price target of $9.59.
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