Euroseas Q1 2024 Adj EPS $2.87 Misses $2.89 Estimate, Sales $46.70M Beat $46.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Euroseas (NASDAQ:ESEA) reported Q1 2024 earnings per share (EPS) of $2.87, missing the analyst consensus estimate of $2.89 by 0.69%. However, the company reported quarterly sales of $46.70 million, beating the analyst consensus estimate of $46.31 million by 0.84%. This represents an 11.36% increase over sales of $41.94 million in the same period last year.
May 23, 2024 | 12:45 pm
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Euroseas reported Q1 2024 EPS of $2.87, missing estimates by 0.69%, but sales of $46.70M beat expectations by 0.84%, showing an 11.36% YoY increase.
The slight miss in EPS is offset by the beat in sales and significant YoY growth, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100