In This Article:
Globus Maritime (NASDAQ:GLBS) First Quarter 2023 Results
Key Financial Results
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Revenue: US$8.58m (down 54% from 1Q 2022).
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Net income: US$2.59m (down 79% from 1Q 2022).
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Profit margin: 30% (down from 66% in 1Q 2022).
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EPS: US$0.13 (down from US$0.59 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Globus Maritime Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 7.5% 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 don't want to rain on the parade too much, but we did also find 3 warning signs for Globus Maritime (1 is potentially serious!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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