Genco Shipping & Trading Q2 EPS $0.27 Beats $0.17 Estimate, Sales $90.60M Beat $60.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genco Shipping & Trading (NYSE:GNK) reported Q2 earnings of $0.27 per share, beating the analyst consensus estimate of $0.17 by 58.82%. However, this is a 75.45% decrease from the same period last year. The company also reported quarterly sales of $90.60 million, beating the analyst consensus estimate of $60.66 million by 49.36%, but this is a 34.24% decrease from the same period last year.
August 04, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Genco Shipping & Trading's Q2 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain short-term price movements.
Genco Shipping & Trading's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for the stock price. However, the significant YoY decreases in both earnings and sales could offset this positive impact, leading to uncertain short-term price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100