Danaos's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Danaos Corporation (NYSE:DAC) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $7.78. The focus will be on whether Danaos can surpass this estimate and provide positive guidance for the future. Despite a miss in the last quarter's EPS, the stock price increased by 6.47% the following day. Historically, Danaos's stock performance has been positive, with a 28.87% increase over the last 52 weeks, trading at $74.34 as of February 09.
February 12, 2024 | 7:02 pm
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POSITIVE IMPACT
Danaos Corporation is expected to report an EPS of $7.78 for the upcoming quarter. Historical performance shows a positive trend in stock price following earnings announcements, despite occasional EPS misses.
Given Danaos's history of stock price increases following earnings reports, even after an EPS miss, there's a positive sentiment. The anticipation of beating the EPS estimate and providing favorable future guidance could further boost investor confidence and the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100