Euroseas Q2 2024 Adj. EPS $4.92 Beats $2.82 Estimate, Sales $58.724M Beat $48.436M Estimate
Portfolio Pulse from Benzinga Newsdesk
Euroseas (NASDAQ:ESEA) reported Q2 2024 earnings per share (EPS) of $4.92, significantly beating the analyst consensus estimate of $2.82 by 74.47%. The company also reported quarterly sales of $58.724 million, surpassing the estimate of $48.436 million by 21.24%. This represents a 23.12% increase over the same period last year.
August 06, 2024 | 12:58 pm
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Euroseas (NASDAQ:ESEA) reported Q2 2024 EPS of $4.92, beating estimates by 74.47%, and sales of $58.724 million, exceeding expectations by 21.24%. This strong performance indicates positive momentum for the company.
The significant beat on both EPS and sales estimates suggests strong operational performance and potential positive investor sentiment. This is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100