Diana Shipping Earnings: What Investors Should Watch

Diana Shipping (NYSE:DSX) will report earnings before markets open on Wednesday, May 22nd. Diana Shipping Inc. owns and operates a fleet of dry bulk carriers. The company transports iron ore, grain and other dry cargoes along worldwide shipping routes.

Here is your Cheat Sheet to Diana Shipping Earnings:

Earnings Expectations: Analysts expect earnings of $-0.03 per share on revenues of $41.54 million. Currently, the company’s P/E ratio stands at 15.10.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.04 to a loss $0.07. For the current year, the average estimate is a loss of $0.22, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Diana Shipping has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 337.39 239.34 275.45 256.79 223.23
Diluted EPS ($) 2.97 1.55 1.59 1.33 0.67

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 57.73 58.17 58.20 56.83 50.03
Diluted EPS ($) 0.2491 0.25 0.21 0.15 0.0621

Past Performance:
Diana Shipping has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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