In the first quarter, Diana Shipping Inc. (DSX, Financial) reported revenue of $54.9 million, which reflects a decline from the $57.6 million recorded in the same period the previous year. This drop in time charter revenues resulted from a reduction in ownership days. However, the impact was somewhat mitigated by higher average charter rates and improved fleet utilization during the quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Diana Shipping Inc (DSX, Financial) is $2.30 with a high estimate of $2.80 and a low estimate of $1.50. The average target implies an upside of 66.67% from the current price of $1.38. More detailed estimate data can be found on the Diana Shipping Inc (DSX) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Diana Shipping Inc's (DSX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Diana Shipping Inc (DSX, Financial) in one year is $1.95, suggesting a upside of 41.3% from the current price of $1.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Diana Shipping Inc (DSX) Summary page.
