Preview: Danaos's Earnings
Portfolio Pulse from Benzinga Insights
Danaos (NYSE:DAC) is set to release its latest quarterly earnings report on August 7, 2023. Analysts estimate an earnings per share (EPS) of $6.67. The company's past performance shows a pattern of beating EPS estimates, which often leads to an increase in share price. However, the stock has been down 10.52% over the last 52-week period.
August 04, 2023 | 8:02 pm
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Danaos is expected to report an EPS of $6.67 in its upcoming earnings. The company has a history of beating EPS estimates, which could potentially lead to a short-term increase in its share price. However, the stock has been down 10.52% over the last 52 weeks.
The company's earnings report is a significant event that can impact its stock price. Given Danaos's history of beating EPS estimates, there's a possibility of a short-term increase in its share price if it beats the estimate again. However, the stock's negative performance over the past year indicates a bearish trend that might not be easily reversed.
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