Core Viewpoint - Cool Company (CLCO) is expected to report its third-quarter 2024 earnings on November 21, with earnings per share (EPS) estimates remaining unchanged at 39 cents and revenues projected at $76.93 million [1][2]. Earnings Predictions - The Earnings ESP for CLCO is 0.00%, and it currently holds a Zacks Rank of 3 (Hold), indicating that the model does not predict an earnings beat this time [3][4]. Factors Influencing Q3 Results - Time and voyage charter revenues are anticipated to be strong due to full charter coverage and improved drydock performance, although reduced rates on a single variable charter and lower vessel management fees may negatively impact total operating revenues [5]. - Fleet expansion initiatives are viewed positively, and a decrease in fuel costs (with oil prices down 14% during the July-September period) is expected to benefit CLCO's bottom line [6]. - However, geopolitical instability and environmental regulations may pose significant threats to performance by potentially increasing operating expenses [6].
Cool Company Set to Report Q3 Earnings: What's in the Offing?