ESEA Earnings Prediction
The chart below shows how ESEA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ESEA sees a -1.65% change in stock price 10 days leading up to the earnings, and a +5.15% change 10 days following the report. On the earnings day itself, the stock moves by +1.36%. This data can give you a slight idea of what to expect for the next quarter's release.
ESEA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
54.15M
6.87%
-7.80%
Gross Margin
84.71%
-3.06%
-1.64%
Operating Margin
56.62%
-7.71%
-9.26%
Net Margin
51.03%
-19.70%
-26.46%
EPS
3.95
-15.05%
-32.36%
No Data Available
ESEA Earnings Analysis
Euroseas Ltd.(Marshall Islands) Corporation (ESEA.O) Earnings Conference Call
Positive
Q3 Revenue Increase: Total net revenues for Q3 2024 were reported at $54.1 million, representing a 6.9% increase over total net revenues of $50.7 million during Q3 2023, primarily due to the higher number of vessels operated during the period.
EBITDA Increase Q3 2024: Adjusted EBITDA for the third quarter of 2024 increased to $36.1 million compared to $34.5 million during the third quarter of 2023, primarily due to the higher revenues for the period.
Quarterly Dividend Announcement: The company declared a quarterly dividend of $0.60 per common share for Q3 2024, which will be payable on or about December 16 to shareholders of record on December 9.
Share Repurchase Update: As of November 2, 2024, the company has repurchased 414,000 shares of its common stock in the open market for a total of about $8.8 million, extending its share repurchase plan for another year in May 2024.
Revenue Increase Reported: The company reported total net revenues of $159.6 million for the first nine months of this year, representing a 13.7% increase over total net revenues of $140.3 million during the first nine months of 2023.
Negative
Q3 Revenue Increase: Total net revenues for Q3 2024 were reported at $54.1 million, representing a 6.9% increase over total net revenues of $50.7 million during Q3 2023, which was mainly due to the higher number of vessels operated in the third quarter of this year, partly offset by lower other charter earnings our vessels earned.
Quarterly Adjusted Net Income: Adjusted net income for the quarter was $27.4 million or $3.92 per diluted share, compared to adjusted earnings of $34.5 million during the third quarter of 2023, primarily due to the higher revenues we had for the period.
Earnings Per Share Comparison: Basic and diluted earnings per share for the third quarter of 2024 were $3.97 and $2.95, respectively, calculated on about 7 million basic and diluted weighted average number of shares outstanding compared to basic and diluted earnings per share of $4.67 and $4.65 for the third quarter of 2023, calculated on about 6.9 million of basic and diluted weighted average number of shares outstanding.
Operating Expenses Comparison: Our total operating expenses, including management fees, G&A expenses, but excluding dry docking costs were $7,249 per vessel per day during the third quarter of 2024 compared to $7,692 per vessel per day for the same period of last year.
Interest Financing Costs Comparison: Interest and other financing costs for the third quarter of 2024 amounted to $3.2 million after detecting capitalized interest of $0.9 million charged on the cost of our new building program, for total interest and other financing cost of $4.1 million compared to 1 point million for the same period of 2023 after again deducting the imputed - the capitalized interest of $0.9 million charged for the cost of our new building program.
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ESEA Earning Call Sentiment
Euroseas Ltd. (ESEA) Q3 2024 Earnings Call Transcript
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00:00
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ESEA.O
-1.35%Positive
The earnings call presents mixed signals. Financial performance shows revenue growth but declining net income and EPS. Shareholder returns remain stable with dividends and an extended repurchase plan, which is positive. However, the Q&A reveals uncertainties regarding future rates and costs, with management providing unclear responses. The lack of strong guidance or new partnerships and the fact that the stock is trading at a significant discount to its NAV suggests limited near-term upside. These factors combine to suggest a neutral stock price movement over the next two weeks.