Globus Maritime to Announce Q1 Earnings on June 10
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Earnings Announcement: Globus Maritime is set to release its Q1 2023 earnings report on June 10 after market close, drawing attention to its performance and future outlook.
- Earnings Expectations: The consensus EPS estimate stands at -$0.05, reflecting a 28.6% year-over-year improvement, indicating the company's efforts to enhance profitability.
- Revenue Projections: The revenue estimate for Q1 is $10.4 million, representing a 20.6% year-over-year increase, showcasing the company's positive performance amid recovering market demand.
- Historical Performance Review: Over the past year, Globus Maritime has beaten EPS and revenue estimates 50% of the time, highlighting its performance volatility and adaptability to market expectations.
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Analyst Views on GLBS
Wall Street analysts forecast GLBS stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.140
Low
3.00
Averages
3.00
High
3.00
Current: 2.140
Low
3.00
Averages
3.00
High
3.00
About GLBS
Globus Maritime Limited is a Greece-based company engaged in the provision of marine transportation services on a worldwide basis and operates through a holding structure for its shipping activities. The Company is active in the dry bulk shipping sector, focusing on the ownership and operation of vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk commodities across global trade routes. It owns and manages a fleet of dry bulk vessels and deploys them in international markets. The Company conducts its operations through its wholly-owned subsidiary, Globus Shipmanagement Corp., which is responsible for the technical, commercial and administrative management of the fleet, supporting its worldwide shipping operations and overall business activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Globus Maritime to Announce Q1 Earnings on June 10
- Earnings Announcement: Globus Maritime is set to release its Q1 2023 earnings report on June 10 after market close, drawing attention to its performance and future outlook.
- Earnings Expectations: The consensus EPS estimate stands at -$0.05, reflecting a 28.6% year-over-year improvement, indicating the company's efforts to enhance profitability.
- Revenue Projections: The revenue estimate for Q1 is $10.4 million, representing a 20.6% year-over-year increase, showcasing the company's positive performance amid recovering market demand.
- Historical Performance Review: Over the past year, Globus Maritime has beaten EPS and revenue estimates 50% of the time, highlighting its performance volatility and adaptability to market expectations.
See More
Insider Purchases at Globus Maritime and Universal Safety Products
- Insider Buying: Georgios Feidakis, Director of Globus Maritime, purchased 80,032 shares of GLBS at $1.77 each for a total of $141,300, currently showing a 13.8% gain with a trading high of $2.01, indicating strong insider confidence in the company's future performance.
- Historical Transactions: Prior to this purchase, Feidakis bought 19,980 shares at $1.80 each over the past year, suggesting a consistent bullish outlook on the stock that may bolster market confidence in GLBS.
- Universal Safety Products Purchase: Milton C. Ault III acquired 15,000 shares of UUU at $6.05 each for a total of $90,800, reflecting his confidence in the company's prospects despite a 2.5% decline in stock price on Friday.
- Long-term Investment Strategy: Ault III has made 24 purchases of UUU over the past year, totaling $3.28 million with an average cost of $5.47 per share, demonstrating a strong belief in the company's long-term growth potential, which may attract further investor interest.
See More
Stocks to Keep an Eye on This Monday: MongoDB, Vestis, and Three Others
U.S. Stock Futures: U.S. stock futures are trading lower, with several companies expected to report earnings today, including MongoDB Inc. and Vestis Corp.
Earnings Expectations: MongoDB is anticipated to report earnings of 80 cents per share on revenue of $591.52 million, while Vestis Corp. is expected to post earnings of 6 cents per share on revenue of $678.30 million.
Globus Maritime Performance: Globus Maritime Ltd. exceeded expectations by posting earnings of 4 cents per share and quarterly sales of $12.596 million, leading to a 2.3% increase in share price.
Other Earnings Reports: Hafnia Ltd. and Credo Technology Group are also set to report earnings, with projections of 18 cents and 49 cents per share, respectively, after the market closes.
See More
Globus Maritime Reports $12.6M Revenue and $0.7M Net Income in Q3 2025
- Revenue Growth: In Q3 2025, Globus reported revenue of $12.6 million, a 41% increase from the same period in 2024, primarily driven by an increase in the number of vessels operated, indicating a recovery in market demand.
- Net Income Turnaround: The company achieved a net income of $0.7 million in Q3, a significant improvement from a loss of $0.55 million in the same quarter last year, reflecting effective utilization of its modern fleet amid market recovery.
- Adjusted EBITDA Performance: The adjusted EBITDA for Q3 stood at $5.5 million, showcasing improvements in cost control and operational efficiency, which strengthens the foundation for future profitability.
- Financing Arrangements: The company has secured a $25 million loan facility for two new Ultramax vessels scheduled for delivery in the second half of 2026, further enhancing operational flexibility and competitive positioning in the market.
See More
Globus Maritime Reports $12.6M Revenue and $0.7M Net Income in Q3 2025
- Revenue Growth: In Q3 2025, Globus reported revenue of $12.6 million, a 41% increase from the same period in 2024, primarily driven by a higher average number of vessels operated, indicating a recovery in market demand.
- Net Profit Turnaround: The company achieved a net income of $0.7 million in Q3, compared to a net loss of $0.55 million in Q3 2024, reflecting improved profitability amid market recovery.
- Adjusted EBITDA Performance: Adjusted EBITDA for Q3 reached $5.5 million, significantly up from $2.9 million in the previous year, demonstrating enhancements in cost control and operational efficiency.
- Financing Arrangements: The company secured a $25 million loan facility for two new Ultramax vessels scheduled for delivery in the second half of 2026, enhancing future operational flexibility and market competitiveness.
See More
Globus Maritime Reports GAAP EPS of $0.04, Exceeding Estimates by $0.16; Revenue of $12.6M Surpasses Expectations by $2.1M
Earnings Performance: Globus Maritime reported a Q3 GAAP EPS of $0.04, exceeding expectations by $0.16.
Revenue Growth: The company achieved a revenue of $12.6 million, reflecting a year-over-year increase of 40.8% and surpassing estimates by $2.1 million.
Seeking Alpha Rating: The article mentions Seeking Alpha’s Quant Rating on Globus Maritime, indicating interest in the company's financial performance.
Historical Data: The press release includes references to historical earnings data and financial information for Globus Maritime.
See More
Globus Maritime to Announce Q1 Earnings on June 10
- Earnings Announcement: Globus Maritime is set to release its Q1 2023 earnings report on June 10 after market close, drawing attention to its performance and future outlook.
- Earnings Expectations: The consensus EPS estimate stands at -$0.05, reflecting a 28.6% year-over-year improvement, indicating the company's efforts to enhance profitability.
- Revenue Projections: The revenue estimate for Q1 is $10.4 million, representing a 20.6% year-over-year increase, showcasing the company's positive performance amid recovering market demand.
- Historical Performance Review: Over the past year, Globus Maritime has beaten EPS and revenue estimates 50% of the time, highlighting its performance volatility and adaptability to market expectations.
See More
Insider Purchases at Globus Maritime and Universal Safety Products
- Insider Buying: Georgios Feidakis, Director of Globus Maritime, purchased 80,032 shares of GLBS at $1.77 each for a total of $141,300, currently showing a 13.8% gain with a trading high of $2.01, indicating strong insider confidence in the company's future performance.
- Historical Transactions: Prior to this purchase, Feidakis bought 19,980 shares at $1.80 each over the past year, suggesting a consistent bullish outlook on the stock that may bolster market confidence in GLBS.
- Universal Safety Products Purchase: Milton C. Ault III acquired 15,000 shares of UUU at $6.05 each for a total of $90,800, reflecting his confidence in the company's prospects despite a 2.5% decline in stock price on Friday.
- Long-term Investment Strategy: Ault III has made 24 purchases of UUU over the past year, totaling $3.28 million with an average cost of $5.47 per share, demonstrating a strong belief in the company's long-term growth potential, which may attract further investor interest.
See More
Stocks to Keep an Eye on This Monday: MongoDB, Vestis, and Three Others
U.S. Stock Futures: U.S. stock futures are trading lower, with several companies expected to report earnings today, including MongoDB Inc. and Vestis Corp.
Earnings Expectations: MongoDB is anticipated to report earnings of 80 cents per share on revenue of $591.52 million, while Vestis Corp. is expected to post earnings of 6 cents per share on revenue of $678.30 million.
Globus Maritime Performance: Globus Maritime Ltd. exceeded expectations by posting earnings of 4 cents per share and quarterly sales of $12.596 million, leading to a 2.3% increase in share price.
Other Earnings Reports: Hafnia Ltd. and Credo Technology Group are also set to report earnings, with projections of 18 cents and 49 cents per share, respectively, after the market closes.
See More
Globus Maritime Reports $12.6M Revenue and $0.7M Net Income in Q3 2025
- Revenue Growth: In Q3 2025, Globus reported revenue of $12.6 million, a 41% increase from the same period in 2024, primarily driven by an increase in the number of vessels operated, indicating a recovery in market demand.
- Net Income Turnaround: The company achieved a net income of $0.7 million in Q3, a significant improvement from a loss of $0.55 million in the same quarter last year, reflecting effective utilization of its modern fleet amid market recovery.
- Adjusted EBITDA Performance: The adjusted EBITDA for Q3 stood at $5.5 million, showcasing improvements in cost control and operational efficiency, which strengthens the foundation for future profitability.
- Financing Arrangements: The company has secured a $25 million loan facility for two new Ultramax vessels scheduled for delivery in the second half of 2026, further enhancing operational flexibility and competitive positioning in the market.
See More
Globus Maritime Reports $12.6M Revenue and $0.7M Net Income in Q3 2025
- Revenue Growth: In Q3 2025, Globus reported revenue of $12.6 million, a 41% increase from the same period in 2024, primarily driven by a higher average number of vessels operated, indicating a recovery in market demand.
- Net Profit Turnaround: The company achieved a net income of $0.7 million in Q3, compared to a net loss of $0.55 million in Q3 2024, reflecting improved profitability amid market recovery.
- Adjusted EBITDA Performance: Adjusted EBITDA for Q3 reached $5.5 million, significantly up from $2.9 million in the previous year, demonstrating enhancements in cost control and operational efficiency.
- Financing Arrangements: The company secured a $25 million loan facility for two new Ultramax vessels scheduled for delivery in the second half of 2026, enhancing future operational flexibility and market competitiveness.
See More
Globus Maritime Reports GAAP EPS of $0.04, Exceeding Estimates by $0.16; Revenue of $12.6M Surpasses Expectations by $2.1M
Earnings Performance: Globus Maritime reported a Q3 GAAP EPS of $0.04, exceeding expectations by $0.16.
Revenue Growth: The company achieved a revenue of $12.6 million, reflecting a year-over-year increase of 40.8% and surpassing estimates by $2.1 million.
Seeking Alpha Rating: The article mentions Seeking Alpha’s Quant Rating on Globus Maritime, indicating interest in the company's financial performance.
Historical Data: The press release includes references to historical earnings data and financial information for Globus Maritime.
See More
