Genco Shipping & Trading Ltd reports results for the quarter ended in June - Earnings Summary

Genco Shipping & Trading

04/08/2023 14:32

* Genco Shipping & Trading Ltd  GNK.N  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 24 cents per share.
    * Revenue fell 42.4% to $60.66 million from a year ago;
analysts
expected $68.29 million. 
    * Genco Shipping & Trading Ltd's reported EPS for the
quarter was
27 cents​.
    * The mean earnings estimate of analysts had fallen by
about 39.2%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Genco Shipping & Trading Ltd shares had risen by 3.8% this
quarter and lost 5.1% so far this year.
    * The company reported quarterly net income of $11.56
million.
    * Wall Street's median 12-month price target for Genco
Shipping &
Trading Ltd is $23.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.24           0.27           Beat
 Mar. 31 2023      0.13           0.06           Missed
 Dec. 31 2022      0.64           0.67           Beat
 Sep. 30 2022      1.07           1.00           Missed