d'Amico International Shipping Third Quarter 2024 Earnings: EPS Beats Expectations

d'Amico International Shipping (BIT:DIS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$115.7m (down 16% from 3Q 2023).
• Net income: US$40.2m (down 18% from 3Q 2023).
• Profit margin: 35% (in line with 3Q 2023).
• EPS: US$0.33 (down from US$0.40 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

d'Amico International Shipping EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%.

Looking ahead, revenue is expected to fall by 27% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Italy.

The company's shares are down 9.5% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates d'Amico International Shipping could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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