Global Ship Lease(GSL)

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Global Ship Lease(GSL) - 2024 Q3 - Earnings Call Transcript
2024-11-11 18:20
Financial Data and Key Metrics Changes - The company reported its Q3 2024 earnings, with specific financial results and metrics to be detailed in the accompanying slides [3]. Business Line Data and Key Metrics Changes - Detailed performance metrics for each business line were not provided in the available content [3]. Market Data and Key Metrics Changes - Specific market data and key metrics were not included in the provided content [3]. Company Strategy and Development Direction and Industry Competition - The company emphasized the importance of forward-looking statements and the inherent uncertainties associated with them, indicating a cautious approach to future planning [4]. Management's Comments on Operating Environment and Future Outlook - Management highlighted the potential for actual results to differ materially from forward-looking statements due to various factors, suggesting a focus on risk management [4]. Other Important Information - The company directed attention to the Risk Factors section of its most recent annual report, indicating a commitment to transparency regarding potential risks [4]. Q&A Session Summary Question: Inquiry about financial performance and outlook - Specific questions and answers from the Q&A session were not provided in the available content [3].
Global Ship Lease (GSL) Q3 Earnings Beat Estimates
ZACKS· 2024-11-11 15:11
Core Viewpoint - Global Ship Lease reported quarterly earnings of $2.45 per share, exceeding the Zacks Consensus Estimate of $2.43 per share, and showing an increase from $2.33 per share a year ago, indicating a positive earnings surprise of 0.82% [1] Financial Performance - The company posted revenues of $174.06 million for the quarter ended September 2024, which was 1% below the Zacks Consensus Estimate and a slight decrease from $174.53 million in the same quarter last year [2] - Over the last four quarters, Global Ship Lease has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Global Ship Lease shares have increased approximately 24% since the beginning of the year, compared to a 25.7% gain in the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.43 on revenues of $173.99 million, and for the current fiscal year, it is $9.85 on revenues of $699.06 million [7] - The estimate revisions trend for Global Ship Lease is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Transportation - Shipping industry, to which Global Ship Lease belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, suggesting potential challenges ahead [8]
Global Ship Lease(GSL) - 2024 Q1 - Quarterly Report
2024-08-06 12:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number: 001-34153 Global Ship Lease, Inc. (Translation of registrant's name into English) c/o GSL Enterprises Ltd. 9 Irodou Attikou Street Kifisia, Athens Greece, 14561 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual ...
Global Ship Lease Reports Results for the Second Quarter of 2024
Newsfilter· 2024-08-05 12:00
ATHENS, GREECE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company", "Global Ship Lease" or "GSL"), an owner of containerships, announced today its unaudited results for the three and six month periods ended June 30, 2024. Second Quarter of 2024 and Year to Date Highlights - Reported operating revenue of $175.0 million for the second quarter of 2024, an increase of 8.0% on operating revenue of $162.1 million for the prior year period. For the six months ended June 30, 2024, o ...
Global Ship Lease (GSL) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-07-29 15:06
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the other hand, if they miss, the stock may move lower. This containership owner is expected to post quarterly earnings of $2.27 per share in its upcoming report, which represents a year-over-year change of +8.6%. The consensus EPS estimate for the quarter has been revised 0.21% lower over the last 30 days to the current level. This is essentially a reflection o ...
Global Ship Lease Announces Second Quarter 2024 Earnings Release, Conference Call and Webcast
Newsfilter· 2024-07-22 20:15
What: Second Quarter 2024 Conference Call and Webcast ATHENS, Greece, July 22, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company"), a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the second quarter 2024 on Monday, August 5, 2024 at 10:30 a.m. Eastern Time. The Company will issue financial results for the second quarter 2024 on Monday, August 5, 2024 before the open of market trading. Where: There are two ways to ...
3 Once-in-a-Lifetime Stock Picks Due for an Unprecedented Surge
Investor Place· 2024-06-27 12:00
SilverCrest Metals (SILV) To sum up, SilverCrest's strategic currency management and cost control measures further enhance its financial stability, which makes it a top pick on the high-growth stock picks list. In addition, the $54.6 million in contractual revenues added in the first quarter of 2024 highlights the company's proactive strategy for growing contract coverage. Hence, this improves income predictability and lowers the risks related to open ships. Moreover, net income increased by 24% to $89.5 mi ...
Global Ship Lease Announces Credit Rating Upgrades
Newsfilter· 2024-06-26 20:15
ATHENS, Greece, June 26, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company" or "GSL") announced today several recent updates by three leading credit rating agencies. The Company's Corporate Family Rating has been upgraded to Ba2 from Ba3, with a stable outlook, by Moody's Investor Service ("Moody's"). In addition, S&P Global Ratings ("S&P") upgraded the Company's long-term issuer credit rating to BB+ from BB, with a stable outlook, and the Kroll Bond Rating Agency ("KBRA") upgraded t ...
Global Ship Lease Announces Results of 2024 Annual Meeting of Shareholders
Newsfilter· 2024-06-17 20:15
ATHENS, Greece, June 17, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company" or "GSL") today announced that its 2024 Annual Meeting of Shareholders was duly held on June 17, 2024, in Athens, Greece (the "Annual Meeting"). At the Annual Meeting, the shareholders of the Company (i) re-elected each of three directors, Yoram Neugeborn, Ulrike Helfer and Alain Pitner, to serve until the Company's 2027 Annual Meeting of Shareholders and until such time as his successor has been duly elected ...
3 Must-Buy Stocks That Could Double Your Wealth by 2030
Investor Place· 2024-06-04 10:00
Some of the top stocks to buy recognize the strategic opportunities the ongoing market transformation presents. They aim to prosper and provide multifold value growth. The first of the top stocks to buy has room for expansion through calculated investments in cannabis, for example. In states with restricted licenses, like Connecticut, the company benefits from the growing demand for cannabis products by collaborating with well-established operators. Another one of the top stocks to buy operates in the marin ...