United Maritime Past Earnings Performance
Past criteria checks 1/6
United Maritime has been growing earnings at an average annual rate of 34.6%, while the Shipping industry saw earnings growing at 42.9% annually. Revenues have been growing at an average rate of 44.5% per year. United Maritime's return on equity is 5.9%, and it has net margins of 8.4%.
Key information
34.6%
Earnings growth rate
-94.1%
EPS growth rate
Shipping Industry Growth | 51.9% |
Revenue growth rate | 44.5% |
Return on equity | 5.9% |
Net Margin | 8.4% |
Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
United Maritime Corporation's (NASDAQ:USEA) Subdued P/S Might Signal An Opportunity
Mar 13United announces sale of two Aframax Petroleum Tankers
Oct 13United Maritime stock gains as it initiates additional $3M stock buyback plan
Sep 22United Maritime gains on $3M stock buyback plan
Sep 02United Maritime stock slides on $26M equity offering
Jul 18Seanergy Maritime jumps 7% as gets delivery of Japanese built vessel, secures additional financing
Jul 07Revenue & Expenses Breakdown
How United Maritime makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Mar 24 | 44 | 4 | 7 | 0 |
31 Dec 23 | 36 | 0 | 8 | 0 |
30 Sep 23 | 42 | 38 | 13 | 0 |
31 Dec 22 | 25 | 38 | 7 | 0 |
31 Dec 21 | 7 | 2 | 1 | 0 |
31 Dec 20 | 4 | 1 | 1 | 0 |
31 Dec 19 | 7 | 0 | 1 | 0 |
Quality Earnings: USEA has a large one-off gain of $11.7M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: USEA's current net profit margins (8.4%) are lower than last year .
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: USEA's earnings have grown significantly by 34.6% per year over the past 5 years.
Accelerating Growth: USEA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: USEA had negative earnings growth (-90.4%) over the past year, making it difficult to compare to the Shipping industry average (-33.6%).
Return on Equity
High ROE: USEA's Return on Equity (5.9%) is considered low.