What is Noble Financial’s Forecast for EuroDry Q1 Earnings?

EuroDry (NASDAQ:EDRY) – Equities research analysts at Noble Financial increased their Q1 2026 EPS estimates for EuroDry in a report released on Monday, February 23rd. Noble Financial analyst M. Reichman now expects that the company will post earnings of $0.24 per share for the quarter, up from their prior forecast of $0.22. Noble Financial has a “Outperform” rating and a $23.50 price objective on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.84) per share. Noble Financial also issued estimates for EuroDry’s Q2 2026 earnings at $1.13 EPS and FY2026 earnings at $2.98 EPS.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of EuroDry in a research report on Thursday, January 22nd. Zacks Research upgraded EuroDry from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

EuroDry Price Performance

Shares of NASDAQ EDRY opened at $20.90 on Tuesday. The business’s 50 day moving average price is $14.05 and its 200-day moving average price is $12.90. EuroDry has a fifty-two week low of $7.60 and a fifty-two week high of $21.57. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.89.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.78 by $0.09. The company had revenue of $17.39 million for the quarter, compared to the consensus estimate of $17.77 million. EuroDry had a negative net margin of 8.16% and a negative return on equity of 6.83%.

About EuroDry

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.