Danaos Corporation (NYSE:DAC) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, DAC is expected to report 3Q20 income of $ 1.86 per share from revenue of $ 115.38 million.
For the full year, analysts anticipate top line of $ 445.67 million, while looking forward to income of $ 6.91 per share bottom line.
Previous Quarter Performance
Danaos Corporation unwinded income for the second quarter of $ 1.71 per share, from the revenue of $ 116.82 million. The quarterly earnings dropped 23.66 percent while revenues escalated 4.01 percent compared with the same quarter last year.
Wall street analysts are predicting, DAC to report 2Q20 income of $ 1.42 per share from revenue of $ 106.46 million. The bottom line results beat street analysts by $ 0.29 or 20.42 percent, at the same time, top line results outshined analysts by $ 10.36 million or 9.73 percent.
Stock Performance
Shares of Danaos Corporation traded low $ -0.05 or -0.56 percent on Wednesday, reaching $ 8.87 with volume of 133.10 thousand shares. Danaos Corporation has traded high as $ 9.23 and has cracked $ 8.59 on the downward trend
The closing price of $ 8.87, representing a 256.80 % increase from the 52 week low of $ 2.50 and a 29.09 % decrease over the 52 week high of $ 12.58.
The company has a market capital of $ 203.72 million and is part of the Industrials sector and Shipping & Ports industry.
Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2019, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units in capacity.
