In the newest buying and selling session, Danaos (DAC) closed at $75.25, marking a +0.6% transfer from the day before today. This variation lagged the S&P 500’s 0.75% achieve on the day.
Coming into immediately, shares of the delivery firm had gained 19.68% up to now month. In that very same time, the Transportation sector misplaced 4.85%, whereas the S&P 500 gained 2.91%.
Buyers might be hoping for power from DAC because it approaches its subsequent earnings launch. The corporate is predicted to report EPS of $3.39, up 98.25% from the prior-year quarter. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $141.96 million, up 21.52% from the year-ago interval.
DAC’s full-year Zacks Consensus Estimates are calling for earnings of $13.48 per share and income of $574.36 million. These outcomes would signify year-over-year modifications of +87.74% and +24.43%, respectively.
Buyers may additionally discover current modifications to analyst estimates for DAC. These revisions usually replicate the newest short-term enterprise traits, which may change ceaselessly. Consequently, we are able to interpret constructive estimate revisions as a very good signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are straight correlated with near-term share worth momentum. To learn from this, we have now developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and supplies an actionable ranking system.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited observe report of outperformance, with #1 shares returning a mean of +25% yearly since 1988. The Zacks Consensus EPS estimate has moved 2.6% decrease inside the previous month. DAC at present has a Zacks Rank of #3 (Maintain).
Valuation can be essential, so traders ought to be aware that DAC has a Ahead P/E ratio of 5.55 proper now. Its trade sports activities a mean Ahead P/E of 5.78, so we one would possibly conclude that DAC is buying and selling at a reduction comparatively.
The Transportation – Delivery trade is a part of the Transportation sector. This trade at present has a Zacks Trade Rank of 80, which places it within the prime 32% of all 250+ industries.
The Zacks Trade Rank gauges the power of our particular person trade teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to observe all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Danaos Company (DAC): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.