Key Highlights:
- Danaos Corporation (DAC, Financial) reported a Q1 non-GAAP EPS of $6.04, missing estimates by $0.39.
- Operating revenue decreased by 6.8% year-over-year to $236.19 million, falling short of predictions by $5.81 million.
- Analysts' average price target suggests a 6.42% upside, with a range between $89.00 and $100.00.
Danaos Corporation's Earnings Overview
Danaos Corporation (DAC), a leader in the shipping industry, has presented its first-quarter financial results. The non-GAAP EPS of $6.04 did not meet expectations, falling short by $0.39. Additionally, the company reported an operating revenue of $236.19 million, which reflects a 6.8% decrease compared to the same period last year and missed forecasts by $5.81 million. These results are critical for investors evaluating the company's performance and potential future growth.
Wall Street Analysts Forecast
Industry analysts have provided a one-year price target for Danaos Corp (DAC, Financial), highlighting varied perspectives on its future performance. The average target price is set at $94.50, with a high estimate reaching $100.00 and a low at $89.00. From the current share price of $88.80, this range represents a potential upside of 6.42%. Investors can explore more comprehensive forecasting data on the Danaos Corp (DAC) Forecast page.
Brokerage Recommendations and Stock Valuation
The consensus recommendation from two brokerage firms positions Danaos Corp (DAC, Financial) at an average rating of 2.0, suggesting an "Outperform" outlook. This rating is part of a scale from 1 to 5, where 1 is a Strong Buy and 5 is a Sell, providing investors with insights into the general market sentiment surrounding the stock.
GuruFocus estimates that the GF Value for Danaos Corp (DAC, Financial) one year from now will be $81.73, indicating a potential downside of 7.96% from the current price of $88.80. The GF Value metric is calculated based on historical trading multiples, past business growth, and future performance projections. Detailed analysis is available on the Danaos Corp (DAC) Summary page.
Investors should consider these elements when making decisions about Danaos Corporation's stock, weighing the analyst forecasts and valuation estimates to assess potential risks and opportunities for growth in their portfolios.
