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Euroseas Ltd. (ESEA) Dips More Than Broader Markets: What You Should Know
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Euroseas Ltd. (ESEA - Free Report) closed at $24.17 in the latest trading session, marking a -1.19% move from the prior day. This change lagged the S&P 500's 0.3% loss on the day. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.33%.
Coming into today, shares of the company had gained 3.16% in the past month. In that same time, the Transportation sector gained 3.28%, while the S&P 500 gained 3.11%.
Investors will be hoping for strength from Euroseas Ltd. as it approaches its next earnings release. On that day, Euroseas Ltd. is projected to report earnings of $2.84 per share, which would represent year-over-year growth of 1875%. Our most recent consensus estimate is calling for quarterly revenue of $36.88 million, up 194.33% from the year-ago period.
ESEA's full-year Zacks Consensus Estimates are calling for earnings of $5.74 per share and revenue of $94.86 million. These results would represent year-over-year changes of +889.66% and +70.36%, respectively.
It is also important to note the recent changes to analyst estimates for Euroseas Ltd.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Euroseas Ltd. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Euroseas Ltd.'s current valuation metrics, including its Forward P/E ratio of 4.26. For comparison, its industry has an average Forward P/E of 3.65, which means Euroseas Ltd. is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Euroseas Ltd. (ESEA) Dips More Than Broader Markets: What You Should Know
Euroseas Ltd. (ESEA - Free Report) closed at $24.17 in the latest trading session, marking a -1.19% move from the prior day. This change lagged the S&P 500's 0.3% loss on the day. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.33%.
Coming into today, shares of the company had gained 3.16% in the past month. In that same time, the Transportation sector gained 3.28%, while the S&P 500 gained 3.11%.
Investors will be hoping for strength from Euroseas Ltd. as it approaches its next earnings release. On that day, Euroseas Ltd. is projected to report earnings of $2.84 per share, which would represent year-over-year growth of 1875%. Our most recent consensus estimate is calling for quarterly revenue of $36.88 million, up 194.33% from the year-ago period.
ESEA's full-year Zacks Consensus Estimates are calling for earnings of $5.74 per share and revenue of $94.86 million. These results would represent year-over-year changes of +889.66% and +70.36%, respectively.
It is also important to note the recent changes to analyst estimates for Euroseas Ltd.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Euroseas Ltd. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Euroseas Ltd.'s current valuation metrics, including its Forward P/E ratio of 4.26. For comparison, its industry has an average Forward P/E of 3.65, which means Euroseas Ltd. is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.