Benzinga | Nov 24, 2021 07:36AM EST

Recap: Golden Ocean Group Q3 Earnings



Golden Ocean Group (NASDAQ:GOGL) reported its Q3 earnings results on Wednesday, November 24, 2021 at 01:45 AM.

Here's what investors need to know about the announcement.

Earnings

Golden Ocean Group beat estimated earnings by 76.36%, reporting an EPS of $0.97 versus an estimate of $0.55, which surprised analysts.

Revenue was up $202,036,000.00 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06, which was followed by a 4.8% increase in the share price the next day.

Here's a look at Golden Ocean Group's past performance:



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.46 0.07 0.24 0.16EPS Actual 0.52 0.14 0.17 0.27Revenue Estimate 207.05M 115.91M 138.49M 128.85MRevenue Actual 275.70M 158.05M 168.71M 185.58M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.