Matson, a DAC competitor, provided Q2 EPS estimates ahead of their earnings in a few weeks:
Matson (NYSE:MATX) on Tuesday said it expects 2Q22 net income and diluted EPS to be $373.3M to $377.9M and $9.31 to $9.42, respectively, helped by higher income from ocean transportation and logistics.
Analysts estimate the company to earn $8.27 per share.
Expects 2Q22 operating income for Ocean Transportation to be $465M to $470M.
Expects 2Q22 operating income for Logistics to be $22.5M to $23.5M
During the quarter, Hawaii container volume decreased 1.5 percent primarily due to lower retail-related demand.
DAC should get some support from this, which, like ZIM, has been seeing some price appreciation recently.
Considering initiating a position here too.