Eagle Bulk Shipping Q3 Adj EPS $(0.31) Beats $(0.94) Estimate, Sales $82.61M Beat $75.29M Estimate
Portfolio Pulse from bharat@benzinga.com
Eagle Bulk Shipping (NYSE:EGLE) reported Q3 losses of $(0.31) per share, beating the analyst consensus estimate of $(0.94) by 67.02%. Quarterly sales were $82.61 million, surpassing the analyst consensus estimate of $75.29 million by 9.72%. However, this represents a 106.77% decrease in earnings and a 55.42% decrease in sales compared to the same period last year.
November 02, 2023 | 8:45 pm
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Eagle Bulk Shipping's Q3 results beat analyst estimates, but showed significant YoY decreases in earnings and sales.
While Eagle Bulk Shipping beat analyst estimates for Q3, the significant YoY decreases in earnings and sales could potentially offset any positive impact from beating estimates. The overall impact on the stock is therefore uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100