Safe Bulkers Q3 Adj EPS $0.08 Misses $0.10 Estimate, Sales $64.65M Beat $58.07M Estimate
Portfolio Pulse from bharat@benzinga.com
Safe Bulkers (NYSE:SB) reported Q3 earnings of $0.08 per share, missing the analyst consensus estimate of $0.10 by 20%. This is a 79.49% decrease from the same period last year. However, the company reported quarterly sales of $64.65 million, beating the analyst consensus estimate of $58.07 million by 11.33%. This is a 31.01% decrease from the same period last year.
November 07, 2023 | 9:38 pm
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Safe Bulkers' Q3 earnings per share missed estimates by 20%, and decreased 79.49% YoY. However, sales beat estimates by 11.33%, but decreased 31.01% YoY.
Safe Bulkers' Q3 earnings missed estimates and decreased significantly YoY, which could negatively impact the stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100