For its fourth fiscal quarter (ending December 31), Golden Ocean Group Ltd (NASDAQ: GOGL) has reported a -15% decline in E.P.S. from $0.34 a year ago to $0.29 in the current quarter. Relative to the consensus estimate of $0.27, this was a premium of $0.02. For the latest four quarters through December 31, E.P.S. were $0.56 compared to $2.30 a year ago — a decline of -76%.
Recent Price Action
Golden Ocean Group Ltd (NASDAQ: GOGL) stock enjoyed a very large increase of 6.4% on 2/28/24. The shares closed at $12.72. Moreover, this advance was accompanied by exceptionally high trading volume at 200% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GOGL is expected to continue to be a Value Builder.
Golden Ocean Group has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Golden Ocean Group has a slightly positive Appreciation Score of 65 and a very high Power Rating of 99, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment