DHT Holdings (DHT) Q1 Earnings and Revenues Surpass Estimates

Group 1: Earnings Performance - DHT Holdings reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of$ 0.15 per share, but down from $0.29 per share a year ago, representing an earnings surprise of 80% [1] - The company posted revenues of$ 79.75 million for the quarter, surpassing the Zacks Consensus Estimate by 2.29%, but down from $106.34 million year-over-year [2] - Over the last four quarters, DHT Holdings has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - DHT Holdings shares have increased approximately 21% since the beginning of the year, contrasting with the S&P 500's decline of -3.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is$ 0.17 on revenues of $72.63 million, and for the current fiscal year, it is$ 0.84 on revenues of $359.27 million [7] Group 3: Industry Context - The Transportation - Shipping industry, to which DHT Holdings belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact DHT Holdings' stock performance [5][6]