In This Article:
EuroDry (NASDAQ:EDRY) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$17.3m (up 73% from 3Q 2023).
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Net loss: US$4.18m (loss widened by US$3.65m from 3Q 2023).
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US$1.53 loss per share (further deteriorated from US$0.19 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EuroDry Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 19%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, while revenues in the Shipping industry in the US are expected to remain flat.
Performance of the American Shipping industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for EuroDry (1 is a bit concerning!) that you should be aware of before investing here.
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