GASS Earnings Prediction
The chart below shows how GASS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GASS sees a -2.93% change in stock price 10 days leading up to the earnings, and a +6.52% change 10 days following the report. On the earnings day itself, the stock moves by -0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
GASS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
40.45M
16.71%
-3.21%
Gross Margin
46.40%
11.46%
-3.79%
Operating Margin
30.07%
-10.45%
-21.96%
Net Margin
30.03%
-33.88%
-51.34%
EPS
0.34
-19.05%
-53.42%
No Data Available
GASS Earnings Analysis
StealthGas, Inc. Corporation (GASS.O) Earnings Conference Call
Positive
Third Quarter Revenue Increase: Revenue for the third quarter came in at a solid $40.4 million, which is 17% higher compared to the previous year.
Net Income Increase: The reported net income on an adjusted basis for the third quarter was $14.2 million, an 18% increase from $12 million last year.
Record Adjusted Profit: Adjusted profit for the first three quarters of this year reached a record $61 million.
Earnings Per Share Growth: Earnings per share on an adjusted basis were $0.38 for the quarter, marking a 23% increase, and $1.67 for the nine-month period, a 61% increase compared to last year.
Asset Growth Increase: Total assets as of September 30 increased by 3.3% to $720.7 million compared to December 31.
Negative
Revenue Decline Analysis: Revenues came in at a solid $40.4 million, slightly down by 3% from the previous quarter, indicating a decline in performance.
Net Income Increase: The reported net income on an adjusted basis for the third quarter was $14.2 million compared to $12 million last year, reflecting an 18% increase but still showing volatility in earnings.
Operating Expenses Stability: Operating expenses were $12.3 million for the quarter at the same level as last year, indicating no improvement in cost management despite rising revenues.
Net Income Decline: Net income for the third quarter was $12.2 million compared to $15.7 million for the same quarter last year, marking a 23% decrease in profitability.
Stagnant Growth Despite Revenue Increase: The company did not manage to break the previous quarter's record, suggesting stagnation in growth despite a reported increase in revenues.
GASS FAQs
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GASS Earning Call Sentiment
StealthGas, Inc. (GASS) Q3 2024 Earnings Call Transcript
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00:00
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GASS.O
-1.42%Positive
The earnings call presents a mixed picture. Positive elements include significant debt reduction, record net income growth, and strong future revenue expectations. However, there are concerns about drydocking expenses, regulatory challenges, and geopolitical risks. The Q&A section did not provide additional clarity, leaving some uncertainties unresolved. The lack of share repurchase activity despite authorization and a slight quarterly revenue decline also weigh on the sentiment. Overall, these factors balance out, suggesting a neutral stock price movement in the short term.