Recap: Genco Shipping & Trading Q1 Earnings

Genco Shipping & Trading GNK reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:18 PM.

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

Genco Shipping & Trading missed estimated earnings by 53.85%, reporting an EPS of $0.06 versus an estimate of $0.13.

Revenue was down $41.84 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 6.61% increase in the share price the next day.

Here's a look at Genco Shipping & Trading's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.64	1.07	1.13	0.98
EPS Actual	0.67	1	1.10	0.97
Revenue Estimate	77.78M	111.31M	114.16M	109.75M
Revenue Actual	126.97M	135.97M	137.76M	136.23M

To track all earnings releases for Genco Shipping & Trading visit their earnings calendar here.

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

Earnings Calendar