Okeanis Eco Tankers Q1 2024 GAAP EPS $1.29 Beats $1.20 Estimate, Sales $111.100M Beat $84.947M Estimate
Portfolio Pulse from Benzinga Newsdesk
Okeanis Eco Tankers (NYSE:ECO) reported Q1 2024 earnings per share (EPS) of $1.29, beating the analyst estimate of $1.20. The company also reported sales of $111.1 million, surpassing the estimate of $84.947 million. Despite these beats, both EPS and sales were lower compared to the same period last year.
May 16, 2024 | 6:35 am
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Okeanis Eco Tankers reported Q1 2024 EPS of $1.29, beating the estimate of $1.20, and sales of $111.1M, beating the estimate of $84.947M. However, both EPS and sales were lower compared to the same period last year.
The company beat both EPS and sales estimates, which is generally positive news and likely to boost the stock price in the short term. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100