Dorian LPG (LPG) stock decreases by 1.56%, underperforms market

From Nasdaq: 2024-12-26 18:15:20

Dorian LPG (LPG) closed at $23.97, down 1.56% from the previous day. The stock underperformed the S&P 500, while the Dow gained 0.07% and the Nasdaq lost 0.05%. Over the past month, LPG shares dropped by 0.12%, outperforming the Transportation sector but lagging behind the S&P 500.

In anticipation of Dorian LPG’s earnings report, analysts forecast an EPS of $0.46, an 82.44% decline from the previous year. Revenue is estimated at $89.61 million, reflecting a 45.05% decrease. The Zacks Consensus Estimates for the full year project earnings of $2.84 per share and revenue of $397.65 million, with significant declines.

Recent changes in analyst estimates for Dorian LPG may reflect short-term business trends. Positive changes in estimates often indicate analysts’ optimistic views on the company’s performance. The Zacks Rank system, which incorporates these changes, currently rates Dorian LPG as a #5 (Strong Sell).

Dorian LPG’s Forward P/E ratio stands at 8.57, higher than the industry average of 6.18. The Transportation – Shipping industry, in which LPG operates, has a Zacks Industry Rank of 232, positioning it in the bottom 8% of all industries. Top-rated industries typically outperform lower-ranked ones by a factor of 2 to 1.

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