Earnings Reaction History: DHT Holdings, Inc. (NYSE:DHT) has a 57.14% chance to decline

DHT Holdings, Inc. (NYSE:DHT) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 01, 2017. The stock added about 8.9 percent in price since last results when it was at $4.61 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 1 time.

Here’s how traders responded to DHT earnings announcements over the past few quarters.

DHT Holdings, Inc. (DHT) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was -3.54 percent over the past four quarters. Back on January 30, 2017, it posted earnings per-share earnings at $0.18 which beat the consensus $0.12 projection (positive surprise of50%. For the quarter, revenue came in at 66.96M versus consensus estimate of 64.98M. The stock gained 1.74 percent the session following the earnings reports were released, and on 7th day price change was 4.77 percent.

On November 1, 2016, it reported earnings at $0.01 a share compared with the consensus estimate of $0.03 per share (negative surprise of -66.67%). Revenue of 50.29M for that quarter was below the $54.23M analysts had expected. The stock retreated -15.15% the day following the earnings announcement, and on 7th day price change was -12.12%.

On August 9, 2016, it recorded $0.34 a share in earnings which topped the consensus estimate of $0.28 (positive surprise of 21.43%). Revenue for the quarter was $83.16M while analysts called for revenues to be $82.44M. The stock gained 7% the day following the earnings data was made public, and on 7th day price change was 12.04%.

On May 2, 2016, it announced earnings per share at $0.3 versus the consensus estimate of $0.37 per share (negative surprise of -18.92%). That came on revenues of $90.25M for that period. Analysts had expected $90.02M in revenue.

DHT Holdings, Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.2. The analysts’ present consensus range is $0.14-$0.23 for EPS. The market consensus range for revenue is between $67M and $78M, with an average of $73.44M.

DHT Holdings, Inc. (NYSE:DHT) last ended at $4.95, sending the company’s market cap near $462.5M. The consensus 12-month price target from analysts covering the stock is $5.35. The share price has declined -14.85% from its top level in 52 weeks and dropped 21.55% this year. It recently traded in a range of $4.95-$5.09 at a volume of 1184268 shares. The recent trading ended with the price nearly -1.39 lower for the last 5 trading days, rebounding 53.79% from its 52-week low.