Dorian LPG Q1 Adj EPS $1.21 Misses $1.57 Estimate, Sales $111.60M Miss $129.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dorian LPG reported Q1 adjusted earnings of $1.21 per share, missing the analyst consensus estimate of $1.57 by 22.93%. The company also reported quarterly sales of $111.60 million, missing the analyst consensus estimate of $129.60 million by 13.89%. However, both earnings and sales have increased compared to the same period last year.
August 04, 2023 | 10:45 am
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NEGATIVE IMPACT
Dorian LPG's Q1 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
Missing analyst estimates for both earnings and sales is generally seen as a negative signal by the market, which could lead to a short-term decrease in the stock price. However, the YoY growth in both earnings and sales might be seen as a positive signal, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100