SB Earnings Prediction
The chart below shows how SB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SB sees a -3.00% change in stock price 10 days leading up to the earnings, and a +2.27% change 10 days following the report. On the earnings day itself, the stock moves by +0.67%. This data can give you a slight idea of what to expect for the next quarter's release.
SB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
75.92M
17.44%
-3.34%
Gross Margin
44.41%
23.67%
1.28%
Operating Margin
35.19%
31.35%
-0.76%
Net Margin
33.09%
42.20%
-5.81%
EPS
0.22
83.33%
-4.35%
No Data Available
SB Earnings Analysis
Safe Bulkers, Inc. Corporation (SB.N) Earnings Conference Call
Positive
Dividend Declaration: The company declared a dividend of $0.05 per share of common stock, rewarding shareholders.
EBITDA Comparison Q3 2024: The adjusted EBITDA for the third quarter of 2024 stood at $41.3 million, compared to $30.9 million for the same period in 2023.
Net Income Increase Q3 2024: The net income for the third quarter of 2024 was $25.1 million, an increase from $15 million during the same period in 2023.
Strong Financial Leverage: The company maintained a consolidated leverage of 32%, indicating a strong financial position.
TCE Earnings Increase: The average TCE (Time Charter Equivalent) earnings for the third quarter of 2024 was $17,180, compared to $14,861 in the same period last year.
Negative
Charter Market Softening: The charter market is gradually softening, allowing with continuing geopolitical uncertainties.
Dry Bulk Demand Outlook: The dry bulk demand outlook indicates slowing growth with significant uncertainty, with a forecasted global dry bulk demand growth having a 1% fall in 2025.
China's Economic Growth Impact: China's slower growth may hinder demand for dry bulk commodities like iron ore and coal, while the impact of the recently introduced $1.4 trillion package over five years for the local government's hidden debt is expected to alleviate pressure on local authorities and free up funds for supporting economic growth.
Commodity Demand Decline: The weakness in the steel and construction sectors is expected to reduce demand for key commodities such as iron ore.
Net Income Comparison Q3: The company's net income for the third quarter of 2024 was $25.1 million, compared to a net income of $15 million during the same period in 2023.
SB FAQs
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SB Earning Call Sentiment
Safe Bulkers, Inc. (SB) Q3 2024 Earnings Call Transcript
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SB.N
-2.68%Positive
The earnings call presents mixed signals: financial performance improved, but market outlook is uncertain with slowing demand and geopolitical risks. The Q&A highlighted management's comfort with current debt levels, but lacked clarity on Panamax rate concerns. Positive liquidity and shareholder returns are offset by market risks and softening demand. Overall, the sentiment is neutral, with no strong catalysts for significant stock price movement in either direction.