Eagle Bulk Shipping Inc expected to post a loss of 91 cents a share - Earnings Preview

Eagle Bulk Shipping

31/10/2023 23:38

* Eagle Bulk Shipping Inc  EGLE.N   EGLE.K  is expected
to show a
fall in quarterly revenue when it reports  results on November
2. 
    * The Stamford Connecticut-based  company is expected to
report  a
48.4% decrease in revenue to $74.603 million from $144.52
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Eagle Bulk Shipping
Inc
is for a loss of 91 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Eagle Bulk
Shipping Inc is $57.05​, above​ its last closing price
of $40.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.52        0.66       0.32      Missed  -51.8
 Mar. 31 2023  0.05        0.06       0.26      Beat    310.8
 Dec. 31 2022  2.89        2.99       2.28      Missed  -23.7​
 Sep. 30 2022  4.35        4.70       4.58      Missed  -2.5
 ​​Jun.        4.88        4.90       4.98      Beat    1.6
 30 2022                                                
 Mar. 31 2022  4.67        4.67       3.97      Missed  -15​
 Dec. 31 2021  6.12        6.00       4.28      Missed  -28.6
 Sep. 30 2021  5.32        5.33       4.52      Missed  -15.1
 This summary was machine generated October 31 at 23:38 GMT.  All
figures in US dollars  unless otherwise stated