Analysts Anticipate Euroseas Ltd. (NASDAQ:ESEA) Will Post Earnings of -$0.11 Per Share
Wall Street analysts expect that Euroseas Ltd. (NASDAQ:ESEA) will announce earnings per share (EPS) of ($0.11) for the current quarter, according to Zacks. Zero analysts have issued estimates for Euroseas’ earnings. Euroseas posted earnings of ($0.40) per share during the same quarter last year, which would suggest a positive year over year growth rate of 72.5%. The company is expected to announce its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Euroseas will report full-year earnings of ($0.48) per share for the current year. For the next financial year, analysts expect that the company will post earnings of $0.02 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Euroseas.
Euroseas (NASDAQ:ESEA) last posted its quarterly earnings data on Wednesday, August 9th. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.10. Euroseas had a negative return on equity of 17.55% and a negative net margin of 77.39%. The company had revenue of $10.01 million for the quarter.
A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of Euroseas from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Euroseas from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th.
Euroseas (NASDAQ ESEA) remained flat at $1.32 during mid-day trading on Monday. The company’s stock had a trading volume of 13,553 shares. The stock’s market cap is $14.75 million. The company’s 50 day moving average price is $1.32 and its 200-day moving average price is $1.40. Euroseas has a 52 week low of $1.04 and a 52 week high of $8.07.
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An institutional investor recently raised its position in Euroseas stock. Renaissance Technologies LLC boosted its stake in shares of Euroseas Ltd. (NASDAQ:ESEA) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,670 shares of the shipping company’s stock after buying an additional 43,800 shares during the period. Renaissance Technologies LLC owned approximately 2.42% of Euroseas worth $336,000 as of its most recent SEC filing. 2.82% of the stock is owned by institutional investors and hedge funds.
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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