Globus Maritime Ltd reports results for the quarter ended in December - Earnings Summary

Globus Maritime

18/03/2024 21:02

* Globus Maritime Ltd  GLBS.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -15 cents.  The lone analyst forecast
for the quarter was for a loss of 10 cents per share. 
    * Revenue fell 14.4% to $7.11 million from a year ago;
analysts
expected $5.80 million. 
    * Globus Maritime Ltd's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $378
thousand.
    * Globus Maritime Ltd shares had fallen by 15.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"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 Globus Maritime
Ltd is $4.00 
This summary was machine generated from LSEG data March 18 at
09:01 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 2023      -0.10          0.02           Beat
                                  0.17           
 Jun. 30 2023      0.38           -0.06          Missed
 Mar. 31 2023      -0.14          0.13           Beat