Hoegh LNG (HMLP) Beats Q3 Earnings and Revenue Estimates
Hoegh LNG (HMLP) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 16.28%. A quarter ago, it was expected that this provider of liquid natural gas transportation services would post earnings of $0.40 per share when it actually produced earnings of $0.52, delivering a surprise of 30%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Hoegh LNG, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $37.30 million for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 2.88%. This compares to year-ago revenues of $35.86 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hoegh LNG shares have lost about 11% since the beginning of the year versus the S&P 500's gain of 2.6%.
What's Next for Hoegh LNG?
While Hoegh LNG has underperformed the market so far this year, the question that comes to investors' ....