Diana Shipping Earnings: Here’s Why Investors are Selling Shares Now

Diana Shipping Inc. (NYSE:DSX) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.13%.

Diana Shipping Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.06 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Decreased 31.27% to $40 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Diana Shipping Inc. reported adjusted EPS loss of $0.06 per share. By that measure, the company met the mean analyst estimate of $-0.06. It beat the average revenue estimate of $39.37 million.

Key Stats (on next page)…

Revenue decreased 7.08% from $43.05 million in the previous quarter. EPS decreased to $-0.06 in the quarter versus EPS of $-0.04 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.07 to a loss $0.06. For the current year, the average estimate has moved up from a loss of $0.23 to a loss of $0.21 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)