EuroDry Ltd reports results for the quarter ended September 30 - Earnings Summary
EuroDry Ltd EDRY.OQ reported a quarterly adjusted loss of $1.53 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -19 cents. The mean expectation of four analysts for the quarter was for earnings of $1.10 per share. Wall Street expected results to range from -70 cents to $4.49 per share.
Revenue rose 47% to $14.71 million from a year ago; analysts expected $21.20 million.
EuroDry Ltd's reported EPS for the quarter was a loss of $1.53.
The company reported a quarterly loss of $4.18 million.
EuroDry Ltd shares had fallen by 26.3% this quarter and lost 20.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 19% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the marine freight & logistics peer group is also "buy"
Wall Street's median 12-month price target for EuroDry Ltd is $30.00
This summary was machine generated from LSEG data November 19 at 03:20 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 1.10 | -1.53 | Missed |
Jun. 30 2024 | 0.52 | -0.15 | Missed |
Mar. 31 2024 | -0.34 | -0.65 | Missed |
Dec. 31 2023 | 0.32 | 0.13 | Missed |
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