Recap: Euroseas Q1 Earnings

Shares of Euroseas ESEA remained unaffected after the company reported Q1 results.

Quarterly Results

Earnings per share increased 525.00% year over year to $0.17, which may not compare to the estimate of ($0.36).

Revenue of $15,433,000 higher by 85.09% year over year, which beat the estimate of $13,930,000.

Looking Ahead

Euroseas hasn't issued any earnings guidance for the time being.

Euroseas hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 27, 2020

Time: 09:00 AM

ET Webcast URL: http://www.euroseas.gr/investor-relations/ir-webcast-2020-1Q.html

Technicals

52-week high: $4.62

Company's 52-week low was at $0.33

Price action over last quarter: down 27.25%

Company Overview

Euroseas Ltd is a shipping company. Along with its subsidiaries it primarily owns and operates a fleet consisting of dry-bulk, container, and multipurpose dry cargo vessels that are employed on spot and time charters. The company's fleet consists of containerships that transport container boxes providing scheduled service between ports.