Global Ship Lease Inc (NYSE: GSL) has reported earnings for its second fiscal quarter (ending June 30) of $2.43 versus $2.13 for the same period a year ago — an increase of 14%. This result exceeded the consensus estimate of $2.29 by $0.14. For the latest four quarters through June 30, E.P.S. were $9.16 versus $8.60 for the same period a year ago — an increase of 7%.
Recent Price Action
On 8/5/24, Global Ship Lease Inc (NYSE: GSL) stock rose modestly by 0.8%, closing at $25.03. Moreover, trading volume in this advance was above average at 136% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GSL is expected to continue to be an important Value Builder.
Global Ship Lease has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Global Ship Lease has a very high Power Rating of 92 and a very high Appreciation Score of 92, and the Highest Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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