DAC Earnings Prediction
The chart below shows how DAC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DAC sees a -2.15% change in stock price 10 days leading up to the earnings, and a +1.46% change 10 days following the report. On the earnings day itself, the stock moves by +0.52%. This data can give you a slight idea of what to expect for the next quarter's release.
DAC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
256.18M
7.09%
4.01%
Gross Margin
55.86%
-13.04%
-4.58%
Operating Margin
51.57%
-15.85%
-4.41%
Net Margin
48.01%
-13.74%
-16.23%
EPS
6.30
-6.80%
-12.86%
No Data Available
DAC Earnings Analysis
Danaos Corporation Corporation (DAC.N) Earnings Conference Call
Positive
Container Market Strength: The container market remained very strong in the third quarter of 2024, allowing us to add over $300 million to our contracted charter backlog, which presently stands at $3.3 billion.
Building Orders Duration: All 14 of our new building orders are fixed for five years, except for two that are fixed for two years.
Earnings Visibility Assurance: We have excellent earnings visibility as we have covered 100% of our container vessel fleet operating days for 2024, 94% for 2025, and 73% for 2026.
Contracted Revenue Backlog Growth: Our contracted revenue backlog remains strong and has now increased to $3.3 billion with a 3.4-year average charter duration.
Quarterly Dividend Increase: We have increased our quarterly dividend to $0.85 a share, in line with the commitment we have made to our shareholders.
Negative
EPS Decline: The adjusted EPS for this quarter was $6.5 per share, down from $7.26 per share in the third quarter of 2023, indicating a decrease in profitability.
Net Income Decline: The adjusted net income decreased by $16.2 million compared to the previous quarter, primarily due to a $31.1 million increase in total operating expenses.
Vessel Operating Expenses Increase: Vessel OpEx increased by $10.4 million to $49.9 million in the current quarter from $39.5 million in the corresponding third quarter of 2023, reflecting rising operational costs.
G&A Expense Increase: G&A expenses rose by $3.9 million to $11 million in the current quarter compared to $7.1 million in the third quarter of 2023, largely due to increased stock-based non-cash costs.
Interest Expense Increase: Interest expense, excluding amortization of finance costs, increased by $3.6 million to $7.4 million in the current quarter compared to $3.8 million in the corresponding third quarter of 2023.
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DAC Earning Call Sentiment
Danaos Corporation (DAC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DAC.N
-0.75%Positive
The earnings call summary shows a mixed financial performance, with a decrease in EPS and net income, but strong liquidity and low debt levels. The dividend increase and share buyback program are positive for shareholders. Despite uncertainties in the market and increased expenses, management remains optimistic about future freight rates and strategic opportunities. The Q&A reveals some concerns about clarity in management's responses, but overall sentiment is positive. Given the market cap, the stock price is likely to react positively, with a prediction of a 2% to 8% increase over the next two weeks.