Eagle Bulk Shipping: Q1 Earnings Insights

Eagle Bulk Shipping EGLE reported its Q1 earnings results on Thursday, May 4, 2023 at 04:30 PM.

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

Earnings

Eagle Bulk Shipping beat estimated earnings by 188.89%, reporting an EPS of $0.26 versus an estimate of $0.09.

Revenue was down $79.20 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.71 which was followed by a 15.67% drop in the share price the next day.

Here's a look at Eagle Bulk Shipping's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 2.99 4.69 4.90 4.67
EPS Actual 2.28 4.58 4.98 3.97
Revenue Estimate 125.66M 151.33M 151.88M 140.95M
Revenue Actual 151.44M 185.31M 198.69M 184.40M

To track all earnings releases for Eagle Bulk Shipping visit their earnings calendar here.

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

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