Genco Shipping & Trading Ltd expected to post earnings of 52 cents a share - Earnings Preview

Genco Shipping & Trading

07/05/2024 03:07

* Genco Shipping & Trading Ltd  GNK.N   GNK  is expected
to show a
rise in quarterly revenue when it reports  results on May 8 for
the period ending March 31 2024
    * The New York City-based  company is expected to report a
59.3% increase in revenue to $90.744 million from $56.96 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Genco Shipping & Trading
Ltd
is for earnings of 52 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Genco
Shipping &
Trading Ltd is $24.00​, above​ its last closing price of $21.85.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.42        0.42       0.43      Beat    2.8
 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.        0.65        0.64       0.67      Beat    3.9
 31 2022                                                
 Sep. 30 2022  1.06        1.07       1.00      Missed  -6.4​
 Jun. 30 2022  1.18        1.12       1.10      Missed  -1.7
 Mar. 31 2022  0.98        0.98       0.97      Missed  -1
 This summary was machine generated May 7 at 02:06 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)