Diana Shipping's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Diana Shipping (NYSE:DSX) is scheduled to release its quarterly earnings report on February 23, 2024, with an estimated EPS of $0.04. Historical data shows mixed results in beating EPS estimates but generally positive stock price reactions post-earnings. Shares are currently trading at $2.91, reflecting a 37.47% decline over the last year. Investors are looking for positive guidance for the next quarter.
February 22, 2024 | 3:01 pm
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Diana Shipping is expected to report an EPS of $0.04 for the latest quarter. Historical performance shows positive price reactions to earnings announcements despite mixed results in beating EPS estimates. The stock has declined 37.47% over the past year.
Given the historical positive price reactions to earnings announcements, even when EPS estimates were not always beaten, there's a potential for a short-term positive impact on DSX's stock price, especially if the company provides positive guidance for the next quarter. However, the overall negative performance over the past year indicates a cautious optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100