Eagle Bulk Shipping Inc expected to post earnings of $2.53 a share - Earnings Preview

Eagle Bulk Shipping

04/08/2021 02:30

* Eagle Bulk Shipping Inc  EGLE.OQ   EGLE.O  is expected to show
a rise in quarterly revenue when it reports results on August
5. 
* The Stamford, Connecticut-based company is expected to report 
 a 94.0% increase in revenue to $111.339 million from $57.39
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Eagle Bulk Shipping Inc
is for earnings of $2.53 per share. For the same quarter last
year, the company reported a loss of $1.96 per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 8 "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 $60​, about 30.3% above​ its last closing price
of $41.80. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  1.03        1.04       0.84      Missed  -19
 Dec. 31 2020  -0.34       -0.29      0.01      Beat    103.5
 Sep. 30 2020  -0.72       -0.69      -1.09     Missed  -57.2​
 Jun. 30 2020  -1.66       -1.71      -1.96     Missed  -14.7
 Mar.          -0.86​      -0.78      -0.35     Beat    55.2​
 31​ 2020​                                              
 Dec. 31 2019  -0.53       -0.37      -1.12     Missed  -206.4
                                                        ​
 Sep. 30 2019  -0.10       -0.15      -0.42     Missed  -179.1
 Jun. 30 2019  -0.54       -0.56      -0.56     Met     0
 This summary was machine generated August 4 at 01:30 GMT.  All
figures in US dollars unless otherwise stated