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Golden Ocean Group's Earnings: A Preview

Benzinga · 11/15/2022 12:01

Golden Ocean Group (NASDAQ:GOGL) is set to give its latest quarterly earnings report on Wednesday, 2022-11-16. Here's what investors need to know before the announcement.

Analysts estimate that Golden Ocean Group will report an earnings per share (EPS) of $4.44.

Golden Ocean Group bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Here's a look at Golden Ocean Group's past performance and the resulting price change:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.55
EPS Actual 0.81 0.53 1.01 0.97
Price Change % -3.87% -2.87% -0.17% 14.14%

Stock Performance

Shares of Golden Ocean Group were trading at $9.61 as of November 14. Over the last 52-week period, shares are up 22.78%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

TO TRACK ALL EARNINGS RELEASES FOR GOLDEN OCEAN GROUP VISIT THEIR EARNINGS CALENDAR ON OUR SITE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.