UPDATE: Euroseas Q2 Adj $4.17 Beats $2.40 Estimate, Sales $47.70M Beat $40.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Euroseas reported Q2 earnings of $4.17 per share, beating the analyst consensus estimate of $2.40 by 73.75%. This is a 2.21% increase over earnings of $4.08 per share from the same period last year. The company also reported quarterly sales of $47.70 million, beating the analyst consensus estimate of $40.95 million by 16.47%. However, this is a 1.62% decrease over sales of $48.48 million the same period last year.
August 09, 2023 | 12:29 pm
News sentiment analysis
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POSITIVE IMPACT
Euroseas reported better than expected Q2 earnings and sales, which could positively impact its stock price.
Euroseas reported Q2 earnings and sales that beat analyst estimates, which is typically a positive signal for the stock. However, the decrease in sales compared to the same period last year could temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100