ECO Earnings Prediction
The chart below shows how ECO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ECO sees a -4.30% change in stock price 10 days leading up to the earnings, and a +3.50% change 10 days following the report. On the earnings day itself, the stock moves by +2.10%. This data can give you a slight idea of what to expect for the next quarter's release.
ECO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
84.93M
-4.64%
-24.16%
Gross Margin
--
--
--
Operating Margin
32.30%
-18.78%
-32.64%
Net Margin
17.13%
-21.57%
-51.51%
EPS
0.45
-25.00%
-63.41%
No Data Available
ECO Earnings Analysis
Okeanis Eco Tankers Corp. Corporation (ECO.N) Earnings Conference Call
Positive
Fleet Performance Metrics: 1. Strong Fleet Performance: Achieved a fleet-wide time-charted equivalent of approximately $44,000 per vessel per day, with VLCCs at $43,000 and Suezmaxes at $45,000.
Strong Q3 Financial Performance: 2. Robust Financial Results: Reported adjusted EBITDA of $37.9 million and adjusted net profit of $14.5 million for Q3 2024, with an adjusted EPS of $0.45.
Capital Distribution Consistency: 3. Consistent Capital Distribution: Declared the 10th consecutive capital distribution of $0.45 per share, representing a full payout of the EPS for the quarter.
Cash Reserves and Working Capital: 4. Significant Cash Reserves: Ended the quarter with $56 million in cash and a working capital increase, with trade receivables standing at $44 million.
Cost Savings from Drydocking: 5. Cost-Effective Drydocking: Completed drydocks for five vessels at approximately 10% below budget, projecting a 10% consumption benefit over five years, equating to an annual saving of $1 million.
Negative
Weak Refining Margins: 1. Weak Market Conditions: Q3 2024 was characterized by weak refining margins and poor Chinese demand, leading to an overall underwhelming quarter despite some operational optimizations.
Cash Liquidity Concerns: 2. Declining Cash Position: The company ended the quarter with only $56 million in cash, raising concerns about liquidity given the $658 million in balance sheet debt.
Q4 Guidance Underperformance: 3. Underperformance in Q4 Guidance: Q4 has materially underperformed expectations due to factors like low U.S. exports and weak demand, impacting the overall trade market negatively.
Debt Impact on Flexibility: 4. High Debt Levels: The company's balance sheet debt stood at $658 million, resulting in a book leverage of 59%, which may limit financial flexibility in challenging market conditions.
Fleet Age Challenges: 5. Aging Fleet Concerns: With nearly 35% of the fleet over 15 years old, the company faces potential pressure as these vessels near retirement, impacting future operational capacity.
ECO FAQs
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ECO Earning Call Sentiment
Okeanis Eco Tankers Corp. (ECO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ECO.N
-0.66%Positive
The earnings call indicates mixed signals: strong financial performance with consistent capital distribution and outperformance relative to peers, but weakened Q3 rates and market challenges. The Q&A suggests potential rate recovery but lacks clarity on fleet growth strategy. Regulatory and economic risks persist, though optimistic winter market and demand growth expectations offer hope. Overall, the sentiment is neutral, as positive aspects are offset by uncertainties and weak guidance.