Seanergy Maritime Holdings Third Quarter 2024 Earnings: Beats Expectations

Seanergy Maritime Holdings (NASDAQ:SHIP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$44.4m (up 81% from 3Q 2023).
• Net income: US$12.5m (up from US$5.08m loss in 3Q 2023).
• Profit margin: 28% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.64 (up from US$0.28 loss in 3Q 2023).

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

Seanergy Maritime Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%.

Looking ahead, revenue is forecast to decline by 2.4% 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 up 1.0% from a week ago.

Valuation

Seanergy Maritime Holdings' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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