DHT Holdings (DHT) closed the most recent trading day at $6.14, making no change from the previous trading session. This change was narrower than the S&P 500’s daily loss of 0.16%. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq lost 0.33%.
Coming into today, shares of the independent oil tanker company had gained 14.98% in the past month. In that same time, the Transportation sector lost 13.64%, while the S&P 500 lost 10.5%.
DHT will be looking to display strength as it nears its next earnings release. In that report, analysts expect DHT to post earnings of $0.52 per share. This would mark year-over-year growth of 333.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $145.70 million, up 69.8% from the year-ago period.
DHT’s full-year Zacks Consensus Estimates are calling for earnings of $2.11 per share and revenue of $542.33 million. These results would represent year-over-year changes of +270.18% and +56.03%, respectively.
Any recent changes to analyst estimates for DHT should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 90.09% higher within the past month. DHT currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note DHT’s current valuation metrics, including its Forward P/E ratio of 2.91. This valuation marks a discount compared to its industry’s average Forward P/E of 4.01.
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