Euroseas Ltd. (NASDAQ:ESEA) is reporting second quarter financial results on Tuesday 11th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, ESEA is expected to report 2Q20 loss of $ 0.11 per share from revenue of $ 13.42 million.
For the full year, analysts anticipate top line of $ 55.97 million, while looking forward to loss of $ 0.03 per share bottom line.
Previous Quarter Performance
Euroseas Ltd. posted income for the first quarter of $ 0.17 per share, from the revenue of $ 15.43 million. The quarterly earnings surged 38.46 percent while revenues compared with the same quarter last year.
Street analysts expected Euroseas Ltd. to report loss of $ 0.36 per share on revenue of $ 13.93 million for the first quarter. The bottom line results beat street analysts by $ 0.53 or 147.22 percent, at the same time, top line results outshined analysts by $ 1.50 million or 10.77 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ESEA was $ 2.81, representing a 128.46 % increase from the 52 week low of $ 1.23 and a 57.16 % decrease over the 52 week high of $ 6.56.
The company has a market capital of $ 15.74 million and is part of the Industrials sector and Shipping & Ports industry.
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Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes primarily, including manufactured products and perishables.
