Eneti Inc reports results for the quarter ended in June - Earnings Summary

Eneti

08/08/2023 15:08

* Eneti Inc  NETI.N  reported a quarterly adjusted loss of
$1.36​​
per share for the quarter ended in June. The mean expectation of
eight analysts for the quarter was for earnings of 4 cents per
share.
    * Revenue fell 36.6% to $38.85 million from a year ago;
analysts
expected $38.29 million. 
    * Eneti Inc's reported EPS for the quarter was a loss of
$1.36​.
    * The mean earnings estimate of analysts had fallen by
about 14.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Eneti Inc shares had fallen by 2.0% this quarter and
gained 18.1% so far this year.
    * The company reported a quarterly loss of $49.78 million.
    * Wall Street's median 12-month price target for Eneti Inc
is
$14.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," 1 "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 02:08 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.04           -1.36          Missed
 Mar. 31 2023      -0.86          -0.48          Beat
 Dec. 31 2022      -0.15          0.32           Beat
 Sep. 30 2022      0.71           0.95           Beat