Eagle Bulk Shipping Inc expected to post earnings of 71 cents a share - Earnings Preview

Eagle Bulk Shipping

27/02/2024 11:14

* Eagle Bulk Shipping Inc  EGLE.N   EGLE.K  is expected
to show a
fall in quarterly revenue when it reports  results on February
29 (estimated) for the period ending December 31 2023
    * The Stamford Connecticut-based  company is expected to
report a
38.9% decrease in revenue to $92.508 million from $151.44
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. ("Sales is on ""Net Revenue""
basis")
    * ​LSEG's mean analyst estimate for Eagle Bulk Shipping Inc
is for
earnings of 71 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 7
"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 $55.00​, below​ its last closing price
of $59.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.98       -0.91      -0.31     Beat    65.8
 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.        4.35        4.70       4.58      Missed  -2.5
 30 2022                                                
 Jun. 30 2022  4.88        4.90       4.98      Beat    1.6​
 Mar. 31 2022  4.67        4.67       3.97      Missed  -15
 Dec. 31 2021  6.12        6.00       4.28      Missed  -28.6
 This summary was machine generated February 27 at 11:14 GMT. 
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)