Euroseas Q1 2024 Adj EPS $2.66 Misses $2.89 Estimate, Sales $46.700M Beat $46.313M Estimate
Portfolio Pulse from Benzinga Newsdesk
Euroseas (NASDAQ:ESEA) reported Q1 2024 earnings per share (EPS) of $2.66, missing the analyst consensus estimate of $2.89 by 7.96%. However, the company reported sales of $46.7 million, beating the estimate of $46.313 million by 0.84%. Compared to the same period last year, EPS decreased by 13.92%, while sales increased by 11.36%.
May 23, 2024 | 12:50 pm
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NEGATIVE IMPACT
Euroseas reported Q1 2024 EPS of $2.66, missing estimates by 7.96%, but sales of $46.7M beat estimates by 0.84%. EPS decreased by 13.92% YoY, while sales increased by 11.36% YoY.
The miss on EPS is likely to have a negative short-term impact on the stock price, despite the beat on sales. The YoY decrease in EPS further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100