Global Ship Lease, Inc. (NYSE:GSL) is expected to report third quarter earnings results, before market open, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.36 per share from revenue of $ 70.12 million.
Looking ahead, the full year income are expected at $ 1.19 per share on the revenues of $ 281.71 million.
Previous Quarter Performance
Global Ship Lease, Inc. came out with income for the second quarter of $ 0.42 per share, from the revenue of $ 71.38 million. Wall street analysts are predicting, GSL to report 2Q20 income of $ 0.32 per share from revenue of $ 72.03 million. The bottom line results beat street analysts by $ 0.1 or 31.25 percent, at the same time, top line results fell short of analysts by $ 0.65 million or 0.9 percent.
Stock Performance
On Friday, shares of Global Ship Lease, Inc. has traded high as $ 7.14 and has cracked $ 6.75 on the downward trend, reaching $ 7.00 with volume of 16.90 thousand shares.
According to the previous trading day, closing price of $ 7.00, representing a 163.22 % increase from the 52 week low of $ 2.61 and a 25.73 % decrease over the 52 week high of $ 9.25.
The company has a market capital of $ 125.94 million and is part of the Industrials sector and Shipping & Ports industry.
Conference Call
Global Ship Lease, Inc. will be hosting a conference call at 10:30 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.globalshiplease.com
Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of December 31, 2018, it owned 38 vessels with a total capacity of 200,615 twenty-foot equivalent units.
