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Euroseas Ltd. (ESEA) Stock Sinks As Market Gains: What You Should Know
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Euroseas Ltd. (ESEA - Free Report) closed at $20.39 in the latest trading session, marking a -1.5% move from the prior day. This change lagged the S&P 500's daily gain of 0.56%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the company had gained 5.02% in the past month. In that same time, the Transportation sector gained 7.83%, while the S&P 500 gained 4.72%.
Investors will be hoping for strength from Euroseas Ltd. as it approaches its next earnings release. In that report, analysts expect Euroseas Ltd. to post earnings of $3.47 per share. This would mark year-over-year growth of 199.14%. Our most recent consensus estimate is calling for quarterly revenue of $48.37 million, up 101.44% from the year-ago period.
ESEA's full-year Zacks Consensus Estimates are calling for earnings of $15.43 per share and revenue of $196.1 million. These results would represent year-over-year changes of +156.74% and +100.14%, respectively.
It is also important to note the recent changes to analyst estimates for Euroseas Ltd.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Euroseas Ltd. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Euroseas Ltd. is holding a Forward P/E ratio of 1.34. This valuation marks a discount compared to its industry's average Forward P/E of 3.59.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 130, which puts it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Euroseas Ltd. (ESEA) Stock Sinks As Market Gains: What You Should Know
Euroseas Ltd. (ESEA - Free Report) closed at $20.39 in the latest trading session, marking a -1.5% move from the prior day. This change lagged the S&P 500's daily gain of 0.56%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the company had gained 5.02% in the past month. In that same time, the Transportation sector gained 7.83%, while the S&P 500 gained 4.72%.
Investors will be hoping for strength from Euroseas Ltd. as it approaches its next earnings release. In that report, analysts expect Euroseas Ltd. to post earnings of $3.47 per share. This would mark year-over-year growth of 199.14%. Our most recent consensus estimate is calling for quarterly revenue of $48.37 million, up 101.44% from the year-ago period.
ESEA's full-year Zacks Consensus Estimates are calling for earnings of $15.43 per share and revenue of $196.1 million. These results would represent year-over-year changes of +156.74% and +100.14%, respectively.
It is also important to note the recent changes to analyst estimates for Euroseas Ltd.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Euroseas Ltd. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Euroseas Ltd. is holding a Forward P/E ratio of 1.34. This valuation marks a discount compared to its industry's average Forward P/E of 3.59.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 130, which puts it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.