-$0.02 EPS Expected for Euroseas Ltd. (NASDAQ:ESEA) This Quarter

Equities research analysts predict that Euroseas Ltd. (NASDAQ:ESEA) will announce earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Euroseas’ earnings. Euroseas posted earnings per share of ($0.10) during the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The firm is expected to issue its next earnings results on Thursday, November 21st.

According to Zacks, analysts expect that Euroseas will report full-year earnings of ($0.11) per share for the current fiscal year. For the next year, analysts anticipate that the firm will report earnings of $0.10 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Euroseas.

Euroseas (NASDAQ:ESEA) last announced its quarterly earnings results on Thursday, August 8th. The shipping company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.09). Euroseas had a negative net margin of 2.34% and a negative return on equity of 76.01%. The company had revenue of $8.44 million for the quarter, compared to analyst estimates of $8.67 million.

ESEA has been the subject of a number of recent analyst reports. Noble Financial reiterated a “buy” rating and set a $1.30 price target on shares of Euroseas in a research report on Thursday, August 22nd. Maxim Group set a $1.00 price target on shares of Euroseas and gave the company a “buy” rating in a research report on Friday, August 9th. ValuEngine cut shares of Euroseas from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, Zacks Investment Research upgraded shares of Euroseas from a “strong sell” rating to a “hold” rating in a research report on Monday, October 21st.

Shares of ESEA opened at $0.53 on Tuesday. Euroseas has a 1-year low of $0.50 and a 1-year high of $2.08. The stock has a market cap of $8.41 million, a PE ratio of -1.83 and a beta of 0.78. The firm has a 50-day simple moving average of $0.70 and a two-hundred day simple moving average of $0.66. The company has a debt-to-equity ratio of 21.13, a current ratio of 0.54 and a quick ratio of 0.41.

Euroseas Company Profile

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.

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