A Preview Of Genco Shipping & Trading's Earnings
Portfolio Pulse from Benzinga Insights
Genco Shipping & Trading (NYSE:GNK) is expected to report an EPS of $0.40 in its upcoming quarterly earnings on 2024-02-21. Historically, the company's share price has reacted to both earnings outcomes and forward guidance. Last quarter, GNK beat the EPS estimate by $0.02, leading to a 6.79% share price increase the following day. Over the past year, GNK shares have declined by 2.76%.
February 20, 2024 | 7:01 pm
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Genco Shipping & Trading is anticipated to report a quarterly EPS of $0.40. Last quarter's beat resulted in a 6.79% stock increase. Shares have fallen 2.76% over the past year.
Given GNK's history of stock price reactions to earnings beats and guidance, the upcoming report could positively impact the stock, especially if GNK beats the EPS estimate again and provides positive future guidance. However, the overall negative yearly performance may temper expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100