Bermuda's 2020 Bulkers Q1 net profit reached $154.1 mln

2020 Bulkers

13/05/2026 07:12

Overview

Bermuda dry bulk shipper's Q1 EBITDA reached $157.3 mln

Q1 net profit reached $154.1 mln

Company delivered five vessels to new owners during Q1

Outlook

Company did not provide specific guidance or outlook for the current or future periods in its press release

Result Drivers

VESSEL SALES - Five vessels delivered to new owners in Q1, which may have contributed to results

CHARTER EARNINGS - Achieved average time charter equivalent earnings of about $26,700 per day, gross

Company press release: ID:nMFNXdzQr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$154.1 mln
Q1 EBITDA
$157.3 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy."

Wall Street's median 12-month price target for 2020 Bulkers Ltd is NOK142.00, about 1,958% above its May 12 closing price of NOK6.90

The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 0 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)