Danaos Corporation owns 73 containerships and is expanding with 16 more ships under construction. Danaos is diversifying into drybulk with 10 vessels and a position in SBLK. The stock is undervalued given strong free cash flow generation and minimal net debt.
Here is how Danaos (DAC) and Global Ship Lease (GSL) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Danaos Corporation (NYSE:DAC ) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Evangelos Chatzis - CFO John Coustas - CEO Conference Call Participants Omar Nokta - Jefferies Operator Good day and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for the Three Months ended September 30th, 2024. As a reminder, today's call is being recorded.
Danaos (DAC) came out with quarterly earnings of $6.50 per share, missing the Zacks Consensus Estimate of $6.86 per share. This compares to earnings of $7.26 per share a year ago.
After a surge in containership charter rates during the pandemic, an important wave of new vessels is currently entering the market. One key reason why the market has been able to digest this new supply so far is geopolitics. In a scenario in which the geopolitical conditions de-escalate, the important supply of new vessels could lead to significant downward pressure on charter rates.
Danaos' third-quarter performance is expected to have been significantly hurt by continued market disruptions.
Danaos (DAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to Danaos (DAC) stock based on the movements in the options market lately.
Danaos (DAC) came out with quarterly earnings of $6.78 per share, missing the Zacks Consensus Estimate of $7.04 per share. This compares to earnings of $7.14 per share a year ago.
Danaos Corp. NYSE: DAC is a leader in the global container shipping industry. The company specializes in operating dry bulk and container vessels.
Danaos Corporation (NYSE:DAC ) Q1 2024 Earnings Conference Call May 28, 2024 9:00 AM ET Company Participants John Coustas - CEO Evangelos Chatzis - CFO Conference Call Participants Omar Nokta - Jefferies Operator Good day, and welcome to the Danaos Corporation Conference Call to discuss the financial results for the Three Months ended March 31, 2024. As a reminder, today's call is being recorded.