Shareholders in Diamond S Shipping Inc. (NYSE:DSSI) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.
After the upgrade, the three analysts covering Diamond S Shipping are now predicting revenues of US$805m in 2020. If met, this would reflect a decent 17% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing US$727m of revenue in 2020. The consensus has definitely become more optimistic, showing a nice gain to revenue forecasts.
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