Golden Ocean Group Ltd reports results for the quarter ended March 31 - Earnings Summary

• Golden Ocean Group Ltd GOGL reported a quarterly adjusted loss of 22 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of five analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -22 cents to -10 cents per share.

• Revenue fell 27.8% to $141.93 million from a year ago; analysts expected $119.25 million.

• Golden Ocean Group Ltd's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $44.14 million.

• Golden Ocean Group Ltd shares had fallen by 2.4% this quarter and lost 13.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 81.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the marine freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for Golden Ocean Group Ltd is $8.55

This summary was machine generated from LSEG data May 22 at 01:27 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)