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Dorian LPG (LPG) Stock Dips While Market Gains: Key Facts
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Dorian LPG (LPG - Free Report) closed the most recent trading day at $28.38, moving -1.87% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.14% for the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.27%.
Shares of the liquified petroleum gas shipping company have appreciated by 15.45% over the course of the past month, outperforming the Transportation sector's gain of 3.94%, and the S&P 500's gain of 3.97%.
Investors will be eagerly watching for the performance of Dorian LPG in its upcoming earnings disclosure.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.95 per share and a revenue of $346.15 million, representing changes of +29.96% and -1.07%, respectively, from the prior 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 23.43% rise in the Zacks Consensus EPS estimate. Right now, Dorian LPG possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Dorian LPG is presently trading at a Forward P/E ratio of 9.8. This valuation marks a premium compared to its industry average Forward P/E of 9.26.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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Dorian LPG (LPG) Stock Dips While Market Gains: Key Facts
Dorian LPG (LPG - Free Report) closed the most recent trading day at $28.38, moving -1.87% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.14% for the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.27%.
Shares of the liquified petroleum gas shipping company have appreciated by 15.45% over the course of the past month, outperforming the Transportation sector's gain of 3.94%, and the S&P 500's gain of 3.97%.
Investors will be eagerly watching for the performance of Dorian LPG in its upcoming earnings disclosure.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.95 per share and a revenue of $346.15 million, representing changes of +29.96% and -1.07%, respectively, from the prior 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 23.43% rise in the Zacks Consensus EPS estimate. Right now, Dorian LPG possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Dorian LPG is presently trading at a Forward P/E ratio of 9.8. This valuation marks a premium compared to its industry average Forward P/E of 9.26.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.