Dht Holdings Up 4.32% To $7.73 After Earnings Beat

Thursday, August 11, 2022 - Dht Holdings (DHT) reported upside earnings and revenues today.

Analyst expectations for Dht Holdings earnings per share (EPS) were at a loss of $0.04 per share, with the company surpassing those estimates with a reported EPS of $0.06, leading to a positive surprise of $0.1 per share (250%). Dht Holdings's earnings rose 0% year-over-year as the firm reported an EPS loss of $0.00 per share in its year-ago quarter. The positive annual growth shows the Energy company .

Consensus estimates for Dht Holdings revenue averaged out to $54.1 million, with the business managing to beat those expectations with reported second-quarter revenue of $54.1 million. The $3,000.00 (0%) positive revenue surprise led to 19% growth year-over-year as the firm reported revenue of $45.3 million in its year-ago quarter. The higher earnings growth compared to revenue points to Dht Holdings improving its profit margin.

The stock is up 4.32% to $7.73 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Dht Holdings a Bullish Sentiment Rank from InvestorsObserver.

Dht Holdings has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 98, putting Dht Holdings in the top 25% of stocks. The firm was recently trading at a 52-week high of $7.62 on August 10, 2022 and set a 52-week low on January 24, 2022 at $4.55.

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleets trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.