Danaos: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Danaos Corporation (NYSE:DAC) reported its Q4 earnings with an EPS of $6.99, missing the estimated $7.78 by 10.15%. Revenue decreased by $3.17 million compared to the same period last year. Despite missing EPS estimates last quarter, DAC's share price increased by 6.47% the following day. The company has shown varied performance in past quarters with both hits and misses on EPS and revenue estimates.
February 13, 2024 | 9:55 pm
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Danaos reported Q4 earnings with an EPS of $6.99, missing estimates by 10.15%, and a revenue decrease of $3.17 million from the previous year.
Missing the EPS estimate by 10.15% and reporting a decrease in revenue compared to the same period last year are negative indicators for Danaos's financial health and may lead to a short-term negative impact on its stock price. However, the company's history of share price increase following an earnings miss last quarter adds complexity to the prediction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100