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Will DryShips, Inc. (DRYS) Beat Earnings? - Analyst Blog
8/5/2013 6:40:00 PM
) is set to release its second-quarter 2013 results after the
market closes on Aug 8, 2013.
DryShips declared that it does not foresee any improvement in the time charter rate for the rest of 2013. This is attributed to the sluggish growth in China, the world's largest importer of coal and steel.
Solid performance by the company's majority owned Ocean Rig
deepwater oil drilling unit was more than offset by the tepid
results of its drybulk shipping cargo division and oil tanker
division. In 2013, both the drybulk shipping and the oil tanker
industries are facing severe challenges as the vessel rate
collapsed even below the rate during recession.
Here are some other companies to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Ocean Rig UDW Inc.
) has Earnings ESP of +100.00% and carries a Zacks Rank #3
BALTIC TRAD LTD (BALT): Free Stock Analysis Report
COSTAMARE INC (CMRE): Free Stock Analysis Report
DRYSHIPS INC (DRYS): Free Stock Analysis Report
OCEAN RIG UDW (ORIG): Free Stock Analysis Report
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