Recap: Safe Bulkers Q1 Earnings

Safe Bulkers SB reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

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

Safe Bulkers missed estimated earnings by 37.5%, reporting an EPS of $0.1 versus an estimate of $0.16.

Revenue was down $10.90 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 1.83% drop in the share price the next day.

Here's a look at Safe Bulkers's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.25	0.30	0.31	0.28
EPS Actual	0.29	0.39	0.40	0.24
Revenue Estimate	77.15M	84.33M	87.34M	73.65M
Revenue Actual	86.66M	93.71M	91.60M	77.75M

To track all earnings releases for Safe Bulkers visit their earnings calendar here.

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