GOGL Earnings Prediction
The chart below shows how GOGL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GOGL sees a -3.78% change in stock price 10 days leading up to the earnings, and a +0.10% change 10 days following the report. On the earnings day itself, the stock moves by +1.34%. This data can give you a slight idea of what to expect for the next quarter's release.
GOGL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
260.62M
17.58%
4.21%
Gross Margin
38.87%
51.60%
1.41%
Operating Margin
34.40%
73.04%
0.15%
Net Margin
21.61%
66.74%
-13.53%
EPS
0.28
100.00%
-9.68%
No Data Available
GOGL Earnings Analysis
Golden Ocean Group Limited Common Stock Corporation (GOGL.O) Earnings Conference Call
Positive
EBITDA Increase Quarter-over-Quarter: our adjusted EBITDA in the third quarter ended up at $124.4 million compared to $120.3 million in the second quarter;
Net Income Comparison: we delivered a net income of $56.3 million and earnings per share of $0.28, compared to a net income of $62.5 million and earnings per share of $0.31 in the second quarter;
Net Profit Increase: our adjusted net profit was $66.7 million; and adjusted earnings per share of $0.33, up from $63.4 million and earnings per share of $0.32 in Q2.
TCE Rates Overview: our TCE rates were about $28,300 per day for Capesize and about $16,400 per day for Panamax vessels and fleet wide net TCE of around $23,700 per day for the quarter.
Quarterly Dividend Announcement: we are pleased to declare a dividend of $0.30 per share for the third quarter of 2024.
Negative
Quarterly Financial Performance: our adjusted EBITDA in the third quarter ended up at $124.4 million compared to $120.3 million in the second quarter; we delivered a net income of $56.3 million and earnings per share of $0.28, compared to a net income of $62.5 million and earnings per share of $0.31 in the second quarter; our adjusted net profit was $66.7 million; and adjusted earnings per share of $0.33, up from $63.4 million and earnings per share of $0.32 in Q2.
TCE Rates Overview: our TCE rates were about $28,300 per day for Capesize and about $16,400 per day for Panamax vessels and fleet wide net TCE of around $23,700 per day for the quarter.
Dry Docking Impact Analysis: we had five ships dry docked in Q3 compared to four ships in Q2, contributing to about 253 days off hire in Q3 versus 193 days in Q2.
Net Revenue Increase: we recorded net revenues of $206.6 million, $9.2 million higher than Q2, mainly due to increased vessel days.
Operating Expenses Comparison: looking at our operating expenses, we recorded $69.4 million in OpEx versus $66.3 million in Q2.
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GOGL Earning Call Sentiment
Golden Ocean Group Limited (GOGL) Q3 2024 Earnings Call Transcript
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GOGL.O
-0.11%Positive
The earnings call summary shows mixed signals. Financial performance is stable with slight growth in revenue and EBITDA, but net income and EPS are down. The dividend remains consistent, but management's vague responses in the Q&A raise concerns about future payouts. Geopolitical and supply chain risks, along with regulatory and economic challenges, present uncertainties. The positive outlook for Capesize demand and cash flow improvements are offset by interest rate exposures and market volatility. Given the company's small-cap status, the stock price is likely to remain neutral, fluctuating between -2% and 2%.