Top Ships Full Year 2023 Earnings: EPS Misses Expectations

Top Ships (NASDAQ:TOPS) Full Year 2023 Results

Key Financial Results

• Revenue: US$82.9m (up 2.8% from FY 2022).
• Net loss: US$22.4m (loss widened by 144% from FY 2022).
• US$12.44 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Top Ships EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Top Ships (including 1 which can't be ignored).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.