Genco Shipping & Trading Ltd reports results for the quarter ended December 31 - Earnings Summary

Genco Shipping & Trading

19/02/2025 23:20

* Genco Shipping & Trading Ltd  GNK.N  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 43 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 36 cents per share. Wall
Street expected results to range from 15 cents to 66 cents per
share.
    * Revenue rose 40.5% to $99.20 million from a year ago;
analysts
expected $90.46 million. 
    * Genco Shipping & Trading Ltd's reported EPS for the
quarter was
29 cents​.
    * The company reported quarterly net income of $12.68
million.
    * Genco Shipping & Trading Ltd shares had risen by 6.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.3%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 Genco Shipping &
Trading Ltd is $19.50 
This summary was machine generated from LSEG data February 19 at
11:20 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.36           0.29           Missed
 Sep. 30 2024      0.41           0.41           Met
 Jun. 30 2024      0.45           0.46           Beat
 Mar. 31 2024      0.52           0.49           Missed