Himalaya Shipping Ltd reports results for the quarter ended June 30 - Earnings Summary

• Himalaya Shipping Ltd HSHP.OL reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of three analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 4 cents to 24 cents per share.

• Revenue fell 4.2% to $29.90 million from a year ago; analysts expected $32.81 million.

• Himalaya Shipping Ltd shares had risen by 25.5% this quarter and gained 49.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

This summary was machine generated from LSEG data August 8 at 09:09 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)