EuroDry Q1 EPS $(1.18) Misses $(0.34) Estimate, Sales $14.42M Miss $14.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
EuroDry (NASDAQ:EDRY) reported a significant quarterly loss of $(1.18) per share, missing the analyst consensus estimate of $(0.34) by a wide margin. The company's sales also fell short of expectations, coming in at $14.42 million compared to the $14.72 million estimate. Despite the misses, sales increased by 27.18% year-over-year.
May 21, 2024 | 12:39 pm
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EuroDry reported a significant quarterly loss of $(1.18) per share, missing the analyst consensus estimate of $(0.34) by 247.06%. Sales also missed expectations, coming in at $14.42 million compared to the $14.72 million estimate. Despite the misses, sales increased by 27.18% year-over-year.
The significant miss on both EPS and sales estimates is likely to negatively impact EuroDry's stock price in the short term. The large discrepancy between the reported EPS and the analyst estimate, along with the sales miss, suggests potential concerns about the company's financial health. However, the year-over-year sales increase may provide some support.
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