Recap: Safe Bulkers Q3 Earnings
Portfolio Pulse from Benzinga Insights
Safe Bulkers (NYSE:SB) reported Q3 earnings, missing estimates by 20.0% with an EPS of $0.08 versus an estimate of $0.1. Revenue was down $29.06 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 3.02% drop in the share price the next day.
November 07, 2023 | 9:40 pm
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NEGATIVE IMPACT
Safe Bulkers missed Q3 earnings estimates by 20% and saw a YoY revenue drop of $29.06M. Similar performance last quarter led to a 3.02% share price drop.
Safe Bulkers has reported a significant miss on its Q3 earnings estimates and a substantial YoY revenue drop. Given that a similar performance last quarter led to a 3.02% drop in the share price, it's reasonable to expect a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100