EuroDry Q4 2023 Adj EPS $0.70 Beats $0.32 Estimate, Sales $15.90M Beat $14.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
EuroDry (NASDAQ:EDRY) reported Q4 2023 adjusted EPS of $0.70, surpassing the $0.32 estimate, and sales of $15.90M, exceeding the $14.17M estimate. This represents a 40.68% decrease in EPS and a 5.17% increase in sales year-over-year.
February 15, 2024 | 9:16 pm
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EuroDry reported a significant beat on both EPS and sales estimates for Q4 2023, with EPS at $0.70 against a $0.32 estimate and sales at $15.90M versus a $14.17M estimate.
EuroDry's significant beat on both earnings per share and sales estimates for Q4 2023 indicates strong financial performance, likely leading to positive investor sentiment and a potential increase in stock price in the short term. Despite a year-over-year decrease in EPS, the substantial beat compared to analyst expectations could outweigh the negative impact of the EPS decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100