Diana Shipping Second Quarter 2024 Earnings: Misses Expectations

Diana Shipping (NYSE:DSX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$56.0m (down 17% from 2Q 2023).
• Net loss: US$4.21m (down by 147% from US$8.92m profit in 2Q 2023).
• US$0.036 loss per share (down from US$0.09 profit in 2Q 2023).

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

Diana Shipping Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.

Performance of the American Shipping industry.

The company's shares are down 5.2% from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with Diana Shipping (including 1 which is potentially serious).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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