Euroseas Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

November 22, 2024

Euroseas (NASDAQ:ESEA) Third Quarter 2024 Results

Key Financial Results

Revenue: US$54.1m (up 6.9% from 3Q 2023).
Net income: US$27.6m (down 14% from 3Q 2023).
Profit margin: 51% (down from 64% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$3.97 (down from US$4.67 in 3Q 2023).

earnings-and-revenue-growth — NasdaqCM:ESEA Earnings and Revenue Growth November 22nd 2024

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

Euroseas Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.

Performance of the American Shipping industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

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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.