Dorian LPG Ltd (LPG) Expected to Post Quarterly Sales of $38.32 Million

Equities analysts forecast that Dorian LPG Ltd (NYSE:LPG) will announce $38.32 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Dorian LPG’s earnings, with the lowest sales estimate coming in at $35.53 million and the highest estimate coming in at $41.10 million. Dorian LPG posted sales of $34.73 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The company is scheduled to report its next quarterly earnings results on Friday, November 2nd.

According to Zacks, analysts expect that Dorian LPG will report full-year sales of $138.84 million for the current financial year, with estimates ranging from $131.18 million to $146.50 million. For the next fiscal year, analysts expect that the company will report sales of $168.51 million, with estimates ranging from $160.80 million to $176.21 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dorian LPG.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, August 9th. The shipping company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.19). The company had revenue of $27.64 million for the quarter, compared to analyst estimates of $36.89 million. Dorian LPG had a negative return on equity of 4.90% and a negative net margin of 23.51%.

A number of equities analysts have we....

read more from