Recap: Golden Ocean Group Q3 Earnings

Golden Ocean Group 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.

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.

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 2020
EPS Estimate	0.46	0.07	0.24	0.16
EPS Actual	0.52	0.14	0.17	0.27
Revenue Estimate	207.05M	115.91M	138.49M	128.85M
Revenue 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.

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