Shareholders in d’Amico International Shipping S.A. (BIT:DIS) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company’s business prospects.
Following the latest upgrade, the current consensus, from the four analysts covering d’Amico International Shipping, is for revenues of US$338m in 2027, which would reflect a discernible 5.4% reduction in d’Amico International Shipping’s sales over the past 12 months. Statutory earnings per share are supposed to sink 16% to US$0.93 in the same period. Previously, the analysts had been modelling revenues of US$299m and earnings per share (EPS) of US$0.82 in 2027. So we can see there’s been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.
See our latest analysis for d’Amico International Shipping
Despite these upgrades, the analysts have not made any major changes to their price target of US$10.98, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company’s valuation. Currently, the most bullish analyst values d’Amico International Shipping at US$11.82 per share, while the most bearish prices it at US$9.83. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting d’Amico International Shipping is an easy business to forecast or the underlying assumptions are obvious.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that sales are expected to reverse, with a forecast 4.3% annualised revenue decline to the end of 2027. That is a notable change from historical growth of 2.3% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue decline 4.1% annually for the foreseeable future.
The Bottom Line
The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for next year. Fortunately they also upgraded their revenue estimates, and expect the business to perform in line with the wider market. The lack of change in the price target is puzzling, but with a serious upgrade to next year’s earnings expectations, it might be time to take another look at d’Amico International Shipping.
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for d’Amico International Shipping going out to 2028, and you can see them free on our platform here..
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.
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