CLCO Earnings Prediction
The chart below shows how CLCO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CLCO sees a +4.89% change in stock price 10 days leading up to the earnings, and a -3.71% change 10 days following the report. On the earnings day itself, the stock moves by -0.12%. This data can give you a slight idea of what to expect for the next quarter's release.
CLCO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
78.51M
--
-0.47%
Gross Margin
51.82%
--
-2.98%
Operating Margin
49.61%
--
-5.40%
Net Margin
10.35%
--
-69.17%
EPS
0.15
--
-69.39%
No Data Available
CLCO Earnings Analysis
Cool Company Ltd. Corporation (CLCO.N) Earnings Conference Call
Positive
Strong Revenue and Backlog: Revenue reached $82.4 million, supported by a $1.7 billion backlog at the end of the period.
Strong Operational Performance: Adjusted EBITDA came in at $53.7 million, demonstrating strong operational performance.
Share Buyback Program: The company announced a $40 million share buyback program to enhance shareholder value.
Strong Operating Margins: Operating margins remained strong at 47% of operating revenues, reflecting effective cost management.
Enhanced Borrowing Capacity: The new financing facility includes up to $120 million in additional borrowing capacity, enhancing financial flexibility.
Negative
Revenue and EBITDA Decline: Revenue reached $82.4 million, and adjusted EBITDA came in at $53.7 million, indicating a decrease from previous quarters.
Net Income Analysis: Net income was $8.1 million after the impact of an unrealized $15.5 million negative mark on our interest rate swaps.
Dividend Reduction Announcement: Dividend has been reduced to $0.15 per share, reflecting a tightening of financial resources.
Quarterly Operating Income Decline: Operating income for the second quarter was $38.9 million, down $2.5 million from $41.4 million in the prior quarter.
EBITDA Decline Analysis: Adjusted EBITDA for the third quarter was $53.7 million compared to $55.7 million during the second quarter, indicating a decline.
CLCO FAQs
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CLCO Earning Call Sentiment
Cool Company Ltd. (CLCO) Q3 2024 Earnings Call Transcript
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00:00
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CLCO.N
0.68%Positive
The earnings call summary highlights several negative factors: reduced dividends, significant unrealized losses, and market oversupply impacting rates. Despite some positive elements like increased revenue and cash position, the Q&A session reveals concerns about market conditions and unclear strategies. The negative sentiment is further reinforced by regulatory challenges and economic factors, leading to a cautious outlook. The share buyback program is a positive, but overall, the sentiment leans negative due to financial risks and market volatility.
