In the latest trading session, Golar LNG (GLNG) closed at $21.60, marking a -0.14% move from the previous day. This change was narrower than the S&P 500’s daily loss of 0.37%. Meanwhile, the Dow lost 0.32%, and the Nasdaq, a tech-heavy index, lost 1.18%.
Coming into today, shares of the operator of carriers for natural gas shipping had lost 0.96% in the past month. In that same time, the Transportation sector gained 5%, while the S&P 500 gained 7.18%.
Investors will be hoping for strength from Golar LNG as it approaches its next earnings release. In that report, analysts expect Golar LNG to post earnings of $0.49 per share. This would mark year-over-year growth of 22.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $66.65 million, up 0.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.60 per share and revenue of $292.83 million, which would represent changes of +60.49% and +9.37%, respectively, from the prior year.
Any recent changes to analyst estimates for Golar LNG should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 14.65% lower. Golar LNG is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Golar LNG is holding a Forward P/E ratio of 8.33. This represents a premium compared to its industry’s average Forward P/E of 6.36.
The Transportation – Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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