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]

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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Quarterly supplemental dividends of $0.075 per share represent a 20% increase in dividend payments to common shareholders Increased dividend payments reflect material outperformance of containership charter markets ATHENS, Greece, May 28, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company"), a containership charter owner, today announced the introduction of a quarterly supplemental dividend to common shareholders. Recent containership charter market strength is enabling Global Ship Le ...

Global Ship Lease (GSL) came out with quarterly earnings of $2.53 per share, beating the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.12%. A quarter ago, it was expected that this containership owner would post earnings of $2.34 per share when it actually produced earnings of $2.49, delivering a surprise of 6.41%. Over the last four quarters, ...