Genco Shipping & Trading Ltd expected to post earnings of 42 cents a share - Earnings Preview

Genco Shipping & Trading

19/02/2024 22:59

* Genco Shipping & Trading Ltd  GNK.N   GNK  is expected
to show a
fall in quarterly revenue when it reports  results on February
21 for the period ending December 31 2023
    * The New York City-based  company is expected to report a
12.9% decrease in revenue to $72.694 million from $83.5 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data. (Sales is on NET REVENUE/ TCE basis)
    * ​LSEG's mean analyst estimate for Genco Shipping & Trading
Ltd
is for earnings of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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 Genco
Shipping &
Trading Ltd is $21.35​, above​ its last closing price of $17.72.
​​​

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  -0.14       -0.11      -0.09     Beat    19.9
 Jun. 30 2023  0.22        0.24       0.27      Beat    13
 Mar. 31 2023  0.13        0.13       0.06      Missed  -52.9​
 Dec. 31 2022  0.65        0.64       0.67      Beat    3.9
 ​​Sep.        1.06        1.07       1.00      Missed  -6.4
 30 2022                                                
 Jun. 30 2022  1.18        1.12       1.10      Missed  -1.7​
 Mar. 31 2022  0.98        0.98       0.97      Missed  -1
 Dec. 31 2021  1.96        1.96       1.99      Beat    1.6
 This summary was machine generated February 19 at 22:59 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)