Okeanis Eco Tankers Q2 2024 Adj. EPS $1.23 Beats $0.84 Estimate, Sales $111.987M Beat $99.360M Estimate
Portfolio Pulse from Benzinga Newsdesk
Okeanis Eco Tankers (NYSE:ECO) reported Q2 2024 earnings per share of $1.23, beating the analyst estimate of $0.84 by 46.43%. Sales were $111.987 million, surpassing the $99.360 million estimate by 12.71%. Despite these beats, both EPS and sales were down compared to the same period last year.
August 09, 2024 | 5:15 am
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Okeanis Eco Tankers reported Q2 2024 EPS of $1.23, beating estimates by 46.43%, and sales of $111.987 million, beating estimates by 12.71%. However, both EPS and sales were down compared to the same period last year.
The significant beats on both EPS and sales estimates are positive indicators for the stock in the short term. However, the year-over-year declines in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100