DSX Earnings Prediction
The chart below shows how DSX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DSX sees a -0.50% change in stock price 10 days leading up to the earnings, and a +1.64% change 10 days following the report. On the earnings day itself, the stock moves by +1.04%. This data can give you a slight idea of what to expect for the next quarter's release.
DSX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
57.49M
-7.37%
2.66%
Gross Margin
37.19%
-12.29%
1.20%
Operating Margin
21.71%
-21.05%
0.00%
Net Margin
6.46%
-45.71%
-230.77%
EPS
0.02
-66.67%
-150.00%
No Data Available
DSX Earnings Analysis
Diana Shipping, Inc. Corporation (DSX.N) Earnings Conference Call
Positive
Fleet Utilization Achievement: Fleet utilization reached 99.7% in the nine-month period of 2024, highlighting our effective vessel management.
Vessel Deployment Success: We successfully secured period deployments for nine vessels during the quarter, achieving an overall average rate higher than their previous fixtures.
Workforce Stability Commitment: As of the end of September, we employed 984 individuals at sea and onshore, demonstrating our commitment to workforce stability.
Net Debt and Cash Reserves: Financially, our net debt stands at 7% of market value, supported by $186.8 million in cash reserves and total secured revenues of approximately $135.3 million as of November 19th.
Quarterly Cash Dividend Announcement: We are pleased to declare a quarterly cash dividend of $0.01 per common share, totaling approximately $1.3 million.
Negative
Charter Revenue Decline: Our time charter revenues have decreased by approximately $5 million from the third quarter of 2023, from $62.1 million to $57.5 million for the third quarter of 2024.
Net Income Decline: Net income has been $3.7 million, compared to $7.4 million in the same period in 2023.
Operating Expenses Increase: The operating expenses have increased to $5,904, compared to $5,621 in the same period last year.
Charter Rate Decline: The same numbers show the time charter equivalent rate has gone down to $15,162, compared to $17,230 for the nine-month period last year.
Capesize Order Book Status: The order book for Capesize and above continues to be the smallest of all types of bulkers, with 29.5 million deadweight tons, which represents about 7.5% of the current trading fleet.
DSX FAQs
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DSX Earning Call Sentiment
Diana Shipping Inc. (DSX) Q3 2024 Earnings Call Transcript
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00:00
00:00
DSX.N
-0.82%Positive
The earnings call summary reflects weak financial performance with declining revenues and net income, increased operating expenses, and minimal dividend yields. Despite successful debt management, market challenges and economic uncertainties, particularly in China, pose significant risks. The Q&A section reveals unclear management responses, especially concerning capital allocation and fleet renewal strategies, further contributing to negative sentiment. The company's guidance remains weak, with no secured long-term contracts for new vessels, indicating potential future instability. These factors collectively suggest a negative stock price movement in the short term.