- United States
- /
- Marine and Shipping
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- NasdaqCM:ESEA
Euroseas Third Quarter 2024 Earnings: Beats Expectations
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).
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.
About NasdaqCM:ESEA
Very undervalued with excellent balance sheet.