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DHT Holdings Q1 Earnings and Revenues Lag Estimates

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DHT Holdings (NYSE: DHT) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -6.45%. A quarter ago, it was expected that this independent oil tanker company would post earnings of $0.22 per share when it actually produced earnings of $0.22, delivering no surprise.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

DHT Holdings, which belongs to the Zacks Transportation – Shipping industry, posted revenues of $106.34 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 4.42%. This compares to year-ago revenues of $93.9 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the …

Full story available on Benzinga.com

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