Eneti: Q2 Earnings Insights

Eneti NETI reported its Q2 earnings results on Wednesday, August 3, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Eneti beat estimated earnings by 151.72%, reporting an EPS of $0.73 versus an estimate of $0.29.

Revenue was up $23.63 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 10.66% increase in the share price the next day.

Here's a look at Eneti's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	-0.36	-0.21	0.48	0.21
EPS Actual	-0.37	-0.94	-0.56	0.90
Revenue Estimate	18.11M	28.21M	28.51M	24.30M
Revenue Actual	22.44M	16.52M	34.36M	37.65M

To track all earnings releases for Eneti visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.