Euroseas Ltd. (ESEA) Expected to Announce Earnings of -$0.12 Per Share
Wall Street brokerages forecast that Euroseas Ltd. (NASDAQ:ESEA) will post earnings per share of ($0.12) for the current quarter, according to Zacks. Zero analysts have made estimates for Euroseas’ earnings. Euroseas posted earnings per share of ($0.40) in the same quarter last year, which suggests a positive year-over-year growth rate of 70%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Euroseas will report full-year earnings of ($0.65) per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of ($0.13) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Euroseas.
Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Wednesday, August 9th. The shipping company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). Euroseas had a negative return on equity of 17.55% and a negative net margin of 77.39%. The company had revenue of $10.01 million for the quarter.
A number of research firms have weighed in on ESEA. Zacks Investment Research raised shares of Euroseas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine lowered shares of Euroseas from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, Maxim Group reissued a “buy” rating and issued a $3.00 target price (up from $2.50) on shares of Euroseas in a research note on Wednesday, September 13th.
Shares of Euroseas (NASDAQ ESEA) traded down 4.5118% during midday trading on Wednesday, reaching $1.6233. The company’s stock had a trading volume of 31,086 shares. The stock’s market capitalization is $18.14 million. Euroseas has a 52 week low of $1.04 and a 52 week high of $8.07. The company has a 50 day moving average price of $1.45 and a 200-day moving average price of $1.37.
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Euroseas Company Profile
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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