SHIP Earnings Prediction
The chart below shows how SHIP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SHIP sees a +1.18% change in stock price 10 days leading up to the earnings, and a +0.31% change 10 days following the report. On the earnings day itself, the stock moves by -0.51%. This data can give you a slight idea of what to expect for the next quarter's release.
SHIP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
44.36M
81.40%
2.84%
Gross Margin
55.30%
115.01%
-0.20%
Operating Margin
40.02%
39920.00%
-11.07%
Net Margin
28.28%
236.16%
-16.41%
EPS
0.61
317.86%
-10.29%
No Data Available
SHIP Earnings Analysis
Seanergy Maritime Holdings Corp. Corporation (SHIP.O) Earnings Conference Call
Positive
Q3 Financial Improvement: In Q3, we delivered net income of $12.5 million and adjusted EBITDA of $26.8 million, a dramatic improvement from a prior year's Q3 net loss of $5 million and adjusted EBITDA of $9.5 million.
Net Income and EBITDA Surge: For the first nine months, net income was $36.8 million and adjusted EBITDA reached $78 million, a remarkable leap from the previous year's nine months loss, and EBITDA of $8.5 million and $29.1 million respectively.
Dividend Approval and Buybacks: Our Board of Directors has approved a dividend of $0.26 per share, a cash dividend and we're continuing share buybacks, representing an annualized yield of approximately 11.1%.
Charter Rate Performance: In Q3, daily time charter equivalent rate of around $26,500 per day outperformed the Baltic Capesize Index by about 7%, and our nine-month daily TCE averaged around $25,800 above the 23,970 index average.
Cash Reserves per Vessel: As of the end of the quarter, our cash reserves were $41.3 million, equating to roughly $2.3 million per vessel.
Negative
Debt Burden Analysis: 1. High Debt Levels: Seanergy's outstanding debt as of Q3 2024 was $242.4 million, indicating a significant financial burden despite recent profitability improvements.
Capesize Spot Rate Decline: 2. Declining Spot Rates: The current spot rate for Capesize vessels is approximately $15,300 per day, which is significantly lower than the company's secured rates of $28,000 per day for 42% of their fourth quarter days, indicating potential revenue pressure.
Dry Docking Impact: 3. Increased Dry Docking: The company anticipates approximately six dry dockings in 2025, with three expected in the first quarter, which could disrupt operational capacity and revenue generation during those periods.
Fleet Growth Challenges: 4. Limited Fleet Growth: The company faces a tight supply outlook with net fleet growth potentially dropping to 1% or even zero by 2025, which may limit future revenue opportunities in a growing market.
Market Volatility Concerns: 5. Market Volatility Risks: Despite a strong performance in Q3, the company acknowledges a temporary softening in the Capesize freight market, which poses risks to future earnings stability.
SHIP FAQs
How does SHIP typically perform around its earnings report dates?
Is Seanergy Maritime Holdings Corp. (SHIP) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
SHIP Earning Call Sentiment
Seanergy Maritime Holdings Corp. (SHIP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SHIP.O
-4.47%Positive
The earnings call summary presents strong financial performance with record high revenue and EPS recovery, an optimistic outlook on market conditions, and increased dividends and share buybacks. The Q&A section reveals management's confidence in market prospects and strategic acquisitions, despite some uncertainties. No significant negative factors were identified, and the dividend increase further supports a positive sentiment. The lack of market cap information suggests a more cautious prediction, but overall, the sentiment leans towards a positive stock price movement in the short term.