Golden Ocean Group Ltd expected to post earnings of 12 cents a share – Earnings Preview

• Golden Ocean Group Ltd GOGL.OQ GOGL.O is expected to show a fall in quarterly revenue when it reports results on August 23 (estimated).
• The Hamilton Bermuda-based company is expected to report a 40.4% decrease in revenue to $148.967 million from $250.04 million a year ago, according to the mean estimate from 4 analysts, based on Refinitiv data.
• Refinitiv’s mean analyst estimate for Golden Ocean Group Ltd is for earnings of 12 cents per share.
• The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 6 “strong buy” or “buy,” 2 “hold” and no “sell” or “strong sell.”
• The mean earnings estimate of analysts was unchanged in the last three months.
• Wall Street’s median 12-month price target for Golden Ocean Group Ltd is $13.25, above its last closing price of $7.46.
Source: Reuters