Performance Shipping Past Earnings Performance
Past criteria checks 5/6
Performance Shipping has been growing earnings at an average annual rate of 67.6%, while the Shipping industry saw earnings growing at 55% annually. Revenues have been growing at an average rate of 38.2% per year. Performance Shipping's return on equity is 21%, and it has net margins of 37.1%.
Key information
67.6%
Earnings growth rate
87.1%
EPS growth rate
| Shipping Industry Growth | 61.1% |
| Revenue growth rate | 38.2% |
| Return on equity | 21.0% |
| Net Margin | 37.1% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Performance Shipping makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 113 | 42 | 7 | 0 |
| 30 Jun 23 | 111 | 42 | 7 | 0 |
| 31 Mar 23 | 96 | 28 | 7 | 0 |
| 31 Dec 22 | 75 | 12 | 7 | 0 |
| 30 Sep 22 | 57 | 1 | 6 | 0 |
| 30 Jun 22 | 44 | -12 | 6 | 0 |
| 31 Mar 22 | 37 | -18 | 6 | 0 |
| 31 Dec 21 | 36 | -10 | 6 | 0 |
| 30 Sep 21 | 30 | -12 | 6 | 0 |
| 30 Jun 21 | 34 | -8 | 7 | 0 |
| 31 Mar 21 | 37 | -2 | 7 | 0 |
| 31 Dec 20 | 42 | 4 | 8 | 0 |
| 30 Sep 20 | 50 | -4 | 9 | 0 |
| 30 Jun 20 | 22 | 1 | 10 | 0 |
| 31 Mar 20 | 35 | -29 | 9 | 0 |
| 31 Dec 19 | 6 | -7 | 8 | 0 |
| 30 Sep 19 | 22 | -20 | 8 | 0 |
| 30 Jun 19 | 21 | -8 | 8 | 0 |
| 31 Mar 19 | 23 | -49 | 8 | 0 |
| 31 Dec 18 | 0 | -8 | 8 | 0 |
| 30 Sep 18 | 27 | -69 | 9 | 0 |
| 30 Jun 18 | 29 | -72 | 9 | 0 |
| 31 Mar 18 | 28 | 7 | 9 | 0 |
| 31 Dec 17 | 24 | 4 | 8 | 0 |
| 30 Sep 17 | 21 | 12 | 7 | 0 |
| 30 Jun 17 | 23 | -106 | 7 | 0 |
| 31 Mar 17 | 25 | -151 | 7 | 0 |
| 31 Dec 16 | 33 | -149 | 7 | 0 |
| 30 Sep 16 | 43 | -149 | 7 | 0 |
| 30 Jun 16 | 51 | -32 | 7 | 0 |
| 31 Mar 16 | 60 | -23 | 7 | 0 |
| 31 Dec 15 | 62 | -18 | 6 | 0 |
| 30 Sep 15 | 62 | -8 | 6 | 0 |
| 30 Jun 15 | 59 | 3 | 6 | 0 |
| 31 Mar 15 | 54 | 2 | 6 | 0 |
| 31 Dec 14 | 54 | 3 | 6 | 0 |
| 30 Sep 14 | 55 | -17 | 6 | 0 |
| 30 Jun 14 | 53 | -20 | 6 | 0 |
| 31 Mar 14 | 52 | -25 | 5 | 0 |
| 31 Dec 13 | 54 | -57 | 5 | 0 |
| 30 Sep 13 | 53 | -37 | 5 | 0 |
| 30 Jun 13 | 57 | -35 | 5 | 0 |
| 31 Mar 13 | 59 | -28 | 5 | 0 |
Quality Earnings: DS2T has a large one-off gain of $9.5M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: DS2T's current net profit margins (37.1%) are higher than last year (1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DS2T has become profitable over the past 5 years, growing earnings by 67.6% per year.
Accelerating Growth: DS2T's earnings growth over the past year (7575.8%) exceeds its 5-year average (67.6% per year).
Earnings vs Industry: DS2T earnings growth over the past year (7575.8%) exceeded the Shipping industry 32.4%.
Return on Equity
High ROE: DS2T's Return on Equity (21%) is considered high.