Eagle Bulk Shipping Inc expected to post earnings of 9  cents a share - Earnings Preview

Eagle Bulk Shipping

03/05/2023 03:03

* Eagle Bulk Shipping Inc  EGLE.N   EGLE.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 4. 
    * The Stamford Connecticut-based  company is expected to
report  a
37.9% decrease in revenue to $87.431 million from $140.77
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Eagle Bulk Shipping
Inc
is for earnings of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Eagle Bulk
Shipping Inc is $67​, above​ its last closing price of $43.28.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  4.88        4.90       4.98      Beat    1.6​
 Mar. 31 2022  4.67        4.67       3.97      Missed  -15
 ​​Dec.        6.12        6.00       4.28      Missed  -28.6
 31 2021                                                
 Sep. 30 2021  5.32        5.33       4.52      Missed  -15.1​
 Jun. 30 2021  2.62        2.53       2.63      Beat    3.8
 Mar. 31 2021  1.03        1.04       0.84      Missed  -19
 This summary was machine generated May 3 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated