Summary:
- Global Ship Lease (GSL, Financial) to announce earnings on May 19th, with an anticipated EPS of $2.31.
- Revenues expected to face a 4.4% decline from the same quarter last year.
- Current analyst ratings suggest a favorable outlook with an average price target of $30.67.
Upcoming Earnings Release
Global Ship Lease (GSL) is preparing to release its first-quarter earnings on May 19th. Analysts are predicting an earnings per share (EPS) of $2.31, reflecting an 8.7% decrease from the previous year. Additionally, revenues are expected to reach $171.73 million, indicating a 4.4% year-over-year decline. Despite these projections, it's worth noting that Global Ship Lease has consistently exceeded both earnings and revenue forecasts over the past two years.
Wall Street Analysts Forecast
According to projections from three analysts, the average one-year price target for Global Ship Lease Inc (GSL, Financial) is set at $30.67, with a high estimate of $38.00 and a low of $26.00. This average target suggests a potential upside of 23.86% from the current market price of $24.76. For more detailed estimate data, visit the Global Ship Lease Inc (GSL) Forecast page.
The consensus recommendation, drawn from four brokerage firms, places Global Ship Lease Inc (GSL, Financial) at an average rating of 2.0, which aligns with an "Outperform" status. This rating is derived from a scale of 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell.
Understanding GF Value Estimations
GuruFocus estimates suggest a GF Value for Global Ship Lease Inc (GSL, Financial) at $23.03 in one year, indicating a potential downside of 6.99% from the current price of $24.76. This GF Value is GuruFocus' calculated estimate of the fair value at which the stock should trade. It is evaluated based on the historical multiples at which the stock has previously traded, along with past business growth and future performance estimates. More comprehensive data is accessible on the Global Ship Lease Inc (GSL) Summary page.
