Safe Bulkers Q2 EPS $0.12, Inline, Sales $70.62M Beat $62.17M Estimate
Portfolio Pulse from mahesh@benzinga.com
Safe Bulkers (NYSE:SB) reported Q2 earnings of $0.12 per share, in line with analyst estimates. This represents a 70% decrease from the same period last year. The company's quarterly sales of $70.62 million beat the analyst consensus estimate of $62.17 million by 13.59%, but were down 22.91% from the same period last year.
July 26, 2023 | 8:09 pm
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Safe Bulkers' Q2 earnings met expectations but were significantly lower than last year. Sales exceeded estimates but were also down YoY.
Safe Bulkers' earnings met analyst expectations, which is positive. However, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100