GasLog Ltd Earnings: Here’s Why Investors Like These Results

GasLog Ltd (NYSE:GLOG) delivered a profit and beat 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.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

GasLog Ltd Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 50% to $0.09 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Decreased 0% to $21.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.06. It beat the average revenue estimate of $21.67 million.

Quoting Management: Mr. Paul Wogan, Chief Executive Officer, stated “This has been a good quarter for GasLog. We continued to execute on the business plan that we outlined at the time of our IPO with the delivery of two newbuildings on budget and ahead of schedule. All four vessels in the fleet achieved 100% utilization. We announced the further growth of our fleet with the order of two newbuildings at Samsung for 10-year charter to a subsidiary of BG Group plc. We continue to be excited about opportunities both to optimize our capital structure and utilize our platform for further accretive growth.”

Key Stats (on next page)…

Revenue increased 19.13% from $18.3 million in the previous quarter. EPS increased 200% from $0.03 in the previous quarter.

Looking Forward: 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 profit of $0.13 to a profit $0.11. For the current year, the average estimate has moved down from a profit of $0.68 to a profit of $0.61 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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

More Articles About:   , ,  

More from The Cheat Sheet