StealthGas guides for less

StealthGas has warned its second quarter profit will come up short of what analysts had predicted.

Nasdaq-listed StealthGas today guided investors for a profit of between $0.12 and $0.13 per share.

This compares with the $0.20 per share analysts had predicted, according to the Bloomberg consensus.

StealthGas says the profit forecast is based on revenue of between $31m and $33m.

The repositioning of vessels which had completed period deals is understood to have influenced the results.

StealthGas will announce its full second quarter earnings on 28 August.

The shipowner has raised $115m from three capital raises in the past year, one of which saw Michael Dell become a major shareholder.