Euroseas Ltd. (ESEA) to Release Earnings on Wednesday
Euroseas Ltd. (NASDAQ:ESEA) will release its earnings data before the market opens on Wednesday, November 8th. Analysts expect Euroseas to post earnings of ($0.11) per share for the quarter.
Euroseas (NASDAQ:ESEA) last released its earnings results on Wednesday, August 9th. The shipping company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $10.01 million for the quarter. On average, analysts expect Euroseas to post $-0.65 EPS for the current fiscal year and $-0.13 EPS for the next fiscal year.
Shares of Euroseas Ltd. (ESEA) opened at 1.84 on Wednesday. The company’s market capitalization is $20.56 million. Euroseas Ltd. has a 52-week low of $1.04 and a 52-week high of $8.07. The stock’s 50 day moving average price is $1.77 and its 200 day moving average price is $1.45.
ESEA has been the topic of several recent analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $3.00 price target (up previously from $2.50) on shares of Euroseas in a research note on Wednesday, September 13th. Zacks Investment Research raised Euroseas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, ValuEngine raised Euroseas from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.
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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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