GasLog Ltd Earnings: Here’s Why Investors Like These Results
GasLog Ltd (NYSE:GLOG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
GasLog Ltd Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.09 in the quarter versus EPS of $0.06 in the year-earlier quarter.
Revenue: Decreased 0% to $21.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.06. It beat the average revenue estimate of $21.67 million.
Quoting Management: Mr. Paul Wogan, Chief Executive Officer, stated “This has been a good quarter for GasLog. We continued to execute on the business plan that we outlined at the time of our IPO with the delivery of two newbuildings on budget and ahead of schedule. All four vessels in the fleet achieved 100% utilization. We announced the further growth of our fleet with the order of two newbuildings at Samsung for 10-year charter to a subsidiary of BG Group plc. We continue to be excited about opportunities both to optimize our capital structure and utilize our platform for further accretive growth.”
Key Stats (on next page)…