UPDATE: Seanergy Maritime Hldgs Q2 Adj $0.18 Beats $0.12 Estimate, Sales $28.33M Beat $26.39M Estimate
Portfolio Pulse from Happy Mohamed
Seanergy Maritime Hldgs (NASDAQ:SHIP) reported Q2 earnings of $0.18 per share, beating the analyst consensus estimate of $0.12 by 50%. However, this is a 55% decrease from the same period last year. The company also reported quarterly sales of $28.33 million, beating the estimate of $26.39 million by 7.34%, but this is a 13.76% decrease from the same period last year.
August 04, 2023 | 11:18 am
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NEUTRAL IMPACT
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 Q2 earnings and sales estimates, the decrease from the same period last year could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100