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

Eagle Bulk Shipping

03/11/2023 14:30

* Eagle Bulk Shipping Inc  EGLE.N  reported a quarterly
adjusted
loss of 31 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of $4.58.  The mean expectation of nine analysts for the
quarter was for a loss of 91 cents per share. Wall Street
expected results to range from $-1.17 to -68 cents per share.
    * Revenue fell 42.8% to $82.61 million from a year ago;
analysts
expected $74.60 million. 
    * Eagle Bulk Shipping Inc's reported EPS for the quarter was
a
loss of 55 cents​.
    * The company reported a quarterly loss of $5.15 million.
    * Eagle Bulk Shipping Inc shares had fallen by 1.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 833.1% in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the marine
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Eagle Bulk
Shipping Inc is $57.05 
This summary was machine generated from LSEG data November 3 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.91          -0.31          Beat
 Jun. 30 2023      0.66           0.32           Missed
 Mar. 31 2023      0.06           0.26           Beat
 Dec. 31 2022      2.99           2.28           Missed