Eagle Bulk Shipping Inc reports results for the quarter ended in June - Earnings Summary

Eagle Bulk Shipping

05/08/2023 24:32

* Eagle Bulk Shipping Inc  EGLE.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 66 cents per share.
    * Revenue fell 53.2% to $75.94 million from a year ago;
analysts
expected $93.19 million. 
    * Eagle Bulk Shipping Inc's reported EPS for the quarter was
$1.21​.
    * The mean earnings estimate of analysts had fallen by
about 39.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Eagle Bulk Shipping Inc shares had fallen by 6.1% this
quarter and lost 9.7% so far this year.
    * The company reported quarterly net income of $18.03
million.
    * Wall Street's median 12-month price target for Eagle Bulk
Shipping Inc is $60.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 10 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 11:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.66           0.32           Missed
 Mar. 31 2023      0.06           0.26           Beat
 Dec. 31 2022      2.99           2.28           Missed
 Sep. 30 2022      4.70           4.58           Missed