Euroseas Ltd. (NASDAQ:ESEA) Expected to Post Earnings of -$0.02 Per Share

Brokerages expect that Euroseas Ltd. (NASDAQ:ESEA) will announce earnings of ($0.02) per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Euroseas’ earnings. Euroseas reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The firm is expected to announce its next quarterly earnings results on Thursday, November 21st.

According to Zacks, analysts expect that Euroseas will report full-year earnings of ($0.11) per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $0.10 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Euroseas.

Euroseas (NASDAQ:ESEA) last posted its quarterly earnings results on Thursday, August 8th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.09). The firm had revenue of $8.44 million for the quarter, compared to analysts’ expectations of $8.67 million. Euroseas had a negative return on equity of 76.01% and a negative net margin of 2.34%.

Several brokerages have weighed in on ESEA. Maxim Group set a $1.00 target price on shares of Euroseas and gave the stock a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research lowered shares of Euroseas from a “buy” rating to a “sell” rating in a research report on Wednesday, August 21st. Finally, Noble Financial restated a “buy” rating and set a $1.30 target price on shares of Euroseas in a research report on Thursday, August 22nd.

ESEA traded down $0.02 on Friday, hitting $0.66. 42,598 shares of the company were exchanged, compared to its average volume of 76,337. The company has a debt-to-equity ratio of 21.13, a quick ratio of 0.41 and a current ratio of 0.54. The business’s fifty day moving average is $0.62 and its 200 day moving average is $0.65. Euroseas has a fifty-two week low of $0.51 and a fifty-two week high of $3.87. The firm has a market capitalization of $8.26 million, a P/E ratio of -2.28 and a beta of 0.75.

Euroseas Company Profile

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.

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