Danaos (DAC) recently announced its Q4 earnings results, which missed estimated earnings by 10.15%. The company reported an EPS of $6.99 compared to an estimate of $7.78. Additionally, revenue was down $3.17 million from the same period last year.
This earnings miss follows a previous quarter in which the company also fell short on EPS by $0.1. However, despite the disappointing earnings results, Danaos experienced a 6.47% increase in its share price the following day.
To get a better understanding of Danaos’ past performance, let’s take a look at their earnings from the previous quarters:
– Q3 2023: EPS Estimate – $7.36, EPS Actual – $7.26, Revenue Estimate – $234.25M, Revenue Actual – $239.22M
– Q2 2023: EPS Estimate – $6.67, EPS Actual – $7.14, Revenue Estimate – $225.75M, Revenue Actual – $241.48M
– Q1 2023: EPS Estimate – $5.89, EPS Actual – $7.14, Revenue Estimate – $209.71M, Revenue Actual – $243.57M
– Q4 2022: EPS Estimate – $7.24, EPS Actual – $6.99, Revenue Estimate – $242.64M, Revenue Actual – $252.48M
Investors can track all earnings releases for Danaos on their earnings calendar on the Benzinga website.
It’s important to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor. Therefore, investors should conduct their own research and analysis before making any investment decisions.
In conclusion, Danaos’ Q4 earnings results were below expectations, missing estimated earnings by 10.15%. However, the company has shown some resilience in the past, with a share price increase following a previous earnings miss. Investors should closely monitor Danaos’ future earnings reports and assess the company’s performance in order to make informed investment decisions.
