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Why Diana Shipping (DSX) Could Be Positioned for a Surge

Zacks

Diana Shipping Inc. DSX is a shipping transportation services provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DSX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Diana Shipping could be a solid choice for investors.

Current Quarter Estimates for DSX

In the past 30 days, three estimates have gone higher for Diana Shipping while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 29 cents a share 30 days ago, to a loss of 25 cents today, a move of 13.8%.

Current Year Estimates for DSX

Meanwhile, Diana Shipping’s current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.10 per share 30 days ago to a loss of 96 cents per share today, an increase of 12.7%.

Diana Shipping inc. Price and Consensus

Diana Shipping inc. Price and Consensus | Diana Shipping inc. Quote


Bottom Line

The stock has also started to move higher lately, adding 11.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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