Safe Bulkers, Inc (NYSE:SB) is set to announce second quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SB to report 2Q20 loss of $ 0.08 per share from revenue of $ 35.45 million.
For the full year, analysts anticipate top line of $ 165.14 million, while looking forward to loss of $ 0.25 per share bottom line.
Previous Quarter Performance
Safe Bulkers, Inc communicated loss for the first quarter of $ 0.13 per share, from the revenue of $ 45.72 million. The quarterly revenues declined 5.32 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.10 per share from $ 36.42 million in revenue. The bottom line results missed street analysts by $ 0.03 or 30 percent, at the same time, top line results outshined analysts by $ 9.30 million or 25.54 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SB was $ 1.30, representing a 75.68 % increase from the 52 week low of $ 0.74 and a 41.96 % decrease over the 52 week high of $ 2.24.
The company has a market capital of $ 132.76 million and is part of the Industrials sector and Shipping & Ports industry.
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Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore.
