Eagle Bulk Shipping Q2 Adj EPS $1.13 Beats $0.66 Estimate, Sales $101.41M Beat $93.19M Estimate
Portfolio Pulse from mahesh@benzinga.com
Eagle Bulk Shipping (NASDAQ:EGLE) reported Q2 earnings of $1.13 per share, beating the analyst consensus estimate of $0.66 by 71.21%. However, this is a 77.31% decrease from the same period last year. The company also reported quarterly sales of $101.41 million, beating the analyst consensus estimate of $93.19 million by 8.82%, but this is a 48.96% decrease from the same period last year.
August 04, 2023 | 2:40 pm
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Eagle Bulk Shipping's Q2 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year.
While Eagle Bulk Shipping beat estimates for Q2 earnings and sales, the significant year-over-year decreases in both metrics could potentially offset any positive impact from beating estimates. This mixed result makes it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100