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Dorian LPG (LPG) Gains As Market Dips: What You Should Know
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In the latest trading session, Dorian LPG (LPG - Free Report) closed at $26.49, marking a +2.04% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 0.92%.
The liquified petroleum gas shipping company's stock has climbed by 15.38% in the past month, exceeding the Transportation sector's gain of 5% and the S&P 500's gain of 5.22%.
The upcoming earnings release of Dorian LPG will be of great interest to investors.
For the full year, the Zacks Consensus Estimates project earnings of $2.95 per share and a revenue of $346.15 million, demonstrating changes of +29.96% and -1.07%, respectively, from the preceding year.
Any recent changes to analyst estimates for Dorian LPG should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 past month, the Zacks Consensus EPS estimate has shifted 23.43% upward. As of now, Dorian LPG holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Dorian LPG currently has a Forward P/E ratio of 8.8. This valuation marks a discount compared to its industry average Forward P/E of 9.12.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 30, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Dorian LPG (LPG) Gains As Market Dips: What You Should Know
In the latest trading session, Dorian LPG (LPG - Free Report) closed at $26.49, marking a +2.04% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 0.92%.
The liquified petroleum gas shipping company's stock has climbed by 15.38% in the past month, exceeding the Transportation sector's gain of 5% and the S&P 500's gain of 5.22%.
The upcoming earnings release of Dorian LPG will be of great interest to investors.
For the full year, the Zacks Consensus Estimates project earnings of $2.95 per share and a revenue of $346.15 million, demonstrating changes of +29.96% and -1.07%, respectively, from the preceding year.
Any recent changes to analyst estimates for Dorian LPG should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 past month, the Zacks Consensus EPS estimate has shifted 23.43% upward. As of now, Dorian LPG holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Dorian LPG currently has a Forward P/E ratio of 8.8. This valuation marks a discount compared to its industry average Forward P/E of 9.12.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 30, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.