This slump shouldn’t be too much of a surprise to investors, as the shipping company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
GSL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Transportation-Shipping industry include Knightsbridge Tankers Limited (VLCCF), Star Bulk Carriers Corp. (SBLK) and Frontline Ltd. (FRO). While Knightsbridge and Star Bulk carry a Zacks Rank #1 (strong Buy), Frontline holds a Zacks Rank #2 (Buy).
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