Genco Shipping & Trading (GNK) Projected to Post Quarterly Earnings on Wednesday

Genco Shipping & Trading (NYSE:GNK) is anticipated to announce its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect Genco Shipping & Trading to announce earnings of $0.9190 per share and revenue of $106.13 million for the quarter. Parties may visit the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 8:30 AM ET.

Genco Shipping & Trading (NYSE:GNK) last issued its quarterly earnings results on Wednesday, August 5th. The shipping company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The firm had revenue of $136.41 million for the quarter, compared to the consensus estimate of $90.59 million. The company’s revenue for the quarter was up 68.5% on a year-over-year basis. During the same period last year, the firm earned ($0.16) EPS. On average, analysts expect Genco Shipping & Trading to post $2.22 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.

Genco Shipping & Trading Stock Down 0.2%

Shares of GNK opened at $25.58 on Wednesday. Genco Shipping & Trading has a 1 year low of $15.58 and a 1 year high of $28.42. The stock has a 50 day simple moving average of $26.47 and a two-hundred day simple moving average of $24.19.

Genco Shipping & Trading Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date was Monday, August 17th. This is a positive change from Genco Shipping & Trading’s previous quarterly dividend of $0.35.

Analyst Upgrades and Downgrades

GNK has been the subject of several analyst reports. BTIG Research restated a “neutral” rating on shares of Genco Shipping & Trading in a research report on Friday, September 18th. B. Riley Financial reiterated a “buy” rating on shares of Genco Shipping & Trading in a report on Friday, August 7th. Weiss Ratings downgraded shares of Genco Shipping & Trading from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Zacks Research cut shares of Genco Shipping & Trading from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.00.

About Genco Shipping & Trading

Genco Shipping & Trading Limited (NYSE:GNK) is a drybulk shipping company that owns and operates a fleet of oceangoing vessels. The company transports essential commodities, including iron ore, grain, coal and other major and minor bulk cargoes, for customers around the world.

Genco’s fleet includes large Capesize vessels as well as Ultramax, Supramax and Handysize ships. These vessels serve different segments of the drybulk market and support the movement of raw materials used in energy production, agriculture, construction and industrial manufacturing.

Founded in 1997 and headquartered in New York, Genco serves international trade routes across major global commodity markets.