Seanergy Maritime Hldgs Q2 Adj $0.18 Beats $0.12 Estimate, Sales $28.33M Beat $26.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seanergy Maritime Hldgs (NASDAQ:SHIP) reported Q2 earnings of $0.18 per share, beating the analyst consensus estimate of $(0.05) by 460 percent. However, this is a 55 percent decrease from the same period last year. The company also reported quarterly sales of $28.30 million, beating the analyst consensus estimate of $26.75 million by 5.79 percent, but this is a 13.84 percent decrease from the same period last year.
August 04, 2023 | 11:15 am
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Seanergy Maritime Hldgs reported better than expected Q2 earnings and sales, but both are down compared to the same period last year.
While Seanergy Maritime Hldgs beat analyst estimates for Q2 earnings and sales, the fact that both are down compared to the same period last year could have a neutral impact on the stock. Investors may be pleased with the beat but concerned about the year-over-year decrease.
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IMPORTANCE 80
RELEVANCE 100