A.P. Moller-Maersk (AMKBY) got here out with quarterly earnings of $0.99 per share, consistent with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a yr in the past. These figures are adjusted for non-recurring objects.
1 / 4 in the past, it was anticipated that this firm would submit earnings of $0.19 per share when it truly produced earnings of $0.20, delivering a shock of 5.26%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
A.P. Moller-Maersk
The sustainability of the inventory’s rapid worth motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
A.P. Moller-Maersk shares have misplaced about 17% because the starting of the yr versus the S&P 500’s acquire of 21.9%.
What’s Subsequent for A.P. Moller-Maersk?
Whereas A.P. Moller-Maersk has underperformed the market thus far this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for A.P. Moller-Maersk: favorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #1 (Robust Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.37 on $13.25 billion in revenues for the approaching quarter and $1.34 on $53.46 billion in revenues for the present fiscal yr.
Traders needs to be aware of the truth that the outlook for the trade can have a cloth affect on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Transportation – Transport is at present within the backside 33% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical trade, Costamare (CMRE), is but to report outcomes for the quarter ended September 2024.
This transport firm is anticipated to submit quarterly earnings of $0.64 per share in its upcoming report, which represents a year-over-year change of +39.1%. The consensus EPS estimate for the quarter has been revised 10.5% decrease during the last 30 days to the present stage.
Costamare’s revenues are anticipated to be $434.13 million, up 8.4% from the year-ago quarter.
Ought to You Put money into A.P. Moller-Maersk (AMKBY)?
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Zacks Funding Analysis has been dedicated to offering buyers with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per yr. (These returns cowl a interval from January 1, 1988 by means of Could 6, 2024.)
A.P. Moller-Maersk (AMKBY) : Free Stock Analysis Report
Costamare Inc. (CMRE) : Free Stock Analysis Report
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