Dorian LPG (LPG) ended the recent trading session at $24.95, demonstrating a -2.39% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%.
Coming into today, shares of the liquified petroleum gas shipping company had gained 18.61% in the past month. In that same time, the Transportation sector lost 2.22%, while the S&P 500 gained 0.5%.
The investment community will be paying close attention to the earnings performance of Dorian LPG in its upcoming release.
LPG's full-year Zacks Consensus Estimates are calling for earnings of $2.39 per share and revenue of $346.15 million. These results would represent year-over-year changes of +5.29% and -1.07%, respectively.
Investors might also notice recent changes to analyst estimates for Dorian LPG. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 12.21% higher. At present, Dorian LPG boasts a Zacks Rank of #4 (Sell).
From a valuation perspective, Dorian LPG is currently exchanging hands at a Forward P/E ratio of 10.69. For comparison, its industry has an average Forward P/E of 9.35, which means Dorian LPG is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dorian LPG Ltd. (LPG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
