Danaos Q1 2024 Adj EPS $7.15 Misses $7.74 Estimate, Sales $253.449M Miss $256.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaos Corporation (NYSE:DAC) reported Q1 2024 earnings per share (EPS) of $7.15, missing the analyst consensus estimate of $7.74 by 7.62%. The company also reported quarterly sales of $253.449 million, which missed the estimate of $256.000 million by 1.00%. Despite the misses, sales increased by 4.05% compared to the same period last year.
May 28, 2024 | 11:31 am
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Danaos Corporation (NYSE:DAC) reported Q1 2024 earnings per share (EPS) of $7.15, missing the analyst consensus estimate of $7.74 by 7.62%. The company also reported quarterly sales of $253.449 million, which missed the estimate of $256.000 million by 1.00%. Despite the misses, sales increased by 4.05% compared to the same period last year.
Danaos Corporation's Q1 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase of 4.05% may provide some support.
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