ATHENS, Greece, April 07, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its 1,800 teu feeder containership, M/V Monica for a minimum period of 24 to a maximum period of 26 months, at the option of the charterer, at a gross daily rate of $23,500. The new charter period is expected to commence around the end ...

The shipping industry has had the ride of its life over the last few years, but that ride has to end sometime. With that in mind, I am going to attempt to value Euroseas (NASDAQ:I am an ex-poker player and ex Mathematics teacher. I got lucky with some early investments but fell in love with researching and valuing companies, I have been lucky enough to be able to do that fulltime since 2016Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but ...

ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today new time charter contract for its 4,250 teu intermediate containership, M/V Rena P for a minimum period of 35 to a maximum period of 37 months, at the option of the charterer, at a gross daily rate of $35,500, in direct continuation of its present charter. The new cha ...

ATHENS, Greece, March 06, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it has requested that the registration statement on Form 20-F of Euroholdings Ltd. (“Euroholdings”) be declared effective by the Securities and Exchange Commission on or around March 6, 2025. The Company also announced that the application of Euroholdings Ltd. fo ...

Euroseas Ltd. (ESEA) closed the last trading session at $33.58, gaining 7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $60.67 indicates an 80.7% upside potential.The mean estimate comprises three short-term price targets with a standard deviation of $4.04. While the lowest estimate of $57 indicates a 69.7% increase from the current price level, the most optimistic analyst expec ...

Euroseas Ltd. (NASDAQ:ESEA) Q4 2024 Earnings Conference Call February 27, 2025 8:00 AM ET Company Participants Aristides Pittas - Chairman & Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Mark Reichman - Noble Capital Markets Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Fourth Quarter 2024 Financial Results. We have with us Mr. . Aristides Pittas, Chairman and Ch ...

February 27, 2025 1 Earnings Presentation Quarter Ended December 31, 2024 Forward-Looking Statements Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Actual outcomes and results may differ materially from what is expressed or forecasted in su ...

Core Insights - Euroseas Ltd. reported quarterly earnings of $3.33 per share, missing the Zacks Consensus Estimate of $3.66 per share, and down from $3.61 per share a year ago, representing an earnings surprise of -9.02% [1] - The company posted revenues of $54.95 million for the quarter, missing the Zacks Consensus Estimate by 0.85%, compared to $50.69 million in the same quarter last year [2] - Euroseas shares have declined approximately 6.1% year-to-date, while the S&P 500 has gained 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $5.25 on revenues of $57.58 million, and for the current fiscal year, it is $17.27 on revenues of $236.93 million [7] - The estimate revisions trend for Euroseas is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Transportation - Shipping industry, to which Euroseas belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Frontline, another company in the same industry, is expected to report a significant year-over-year earnings decline of -56.5% in its upcoming results [9]

Core Viewpoint - Euroseas Ltd. reported strong financial results for the fourth quarter and full year of 2024, highlighting increased revenues and net income, alongside strategic fleet management initiatives including a spin-off of older vessels and the acquisition of new eco-friendly ships [1][4][8]. Financial Highlights Fourth Quarter 2024 - Total net revenues reached $53.3 million, an increase of 8.7% from $49.1 million in Q4 2023, driven by a higher average number of vessels operated [12][14]. - Net income was $24.4 million, slightly down from $24.7 million in the same quarter of 2023, with earnings per share of $3.51 (basic) and $3.49 (diluted) [8][24]. - Average time charter equivalent rate was $26,479 per day, down from $29,266 per day in Q4 2023 [14][44]. Full Year 2024 - Total net revenues for the year were $212.9 million, a 12.4% increase from $189.4 million in 2023, attributed to a higher number of vessels operated [26]. - Net income for the year was $112.8 million, compared to $114.5 million in 2023, with earnings per share of $16.25 (basic) and $16.20 (diluted) [26][39]. - Average time charter equivalent rate for the year was $28,054 per day, down from $29,714 per day in 2023 [26][44]. Recent Developments - The company announced a spin-off of three older vessels into a new entity, Euroholdings Ltd., with plans to distribute shares to existing shareholders [4]. - Two new eco-friendly vessels were delivered in January 2025, equipped with advanced sustainability features and secured on long-term charters at $32,000 per day [5]. - The sale of the M/V Diamantis P for approximately $13.15 million resulted in a gain of about $10.2 million [6]. Fleet Management - The average number of vessels operated increased to 23.0 in Q4 2024 from 19.0 in Q4 2023, contributing to revenue growth [12][44]. - The fleet profile includes a mix of intermediate and feeder vessels, with a focus on modernizing the fleet and maintaining high utilization rates [41][44]. Market Outlook - The containership market has shown resilience, with rates for larger feeders increasing and a firm outlook for 2025 [9][10]. - Challenges include a high overall orderbook and potential shifts in trade patterns due to geopolitical factors, but the company remains optimistic about the feeder and intermediate segments [10][11].

Core Viewpoint - Euroseas (ESEA) is expected to report its fourth-quarter 2024 earnings on February 27, with a consensus estimate of $3.66 per share, reflecting a 2.1% downward revision in the past 60 days but a 1.4% improvement from the previous year's actuals [1][2]. Financial Performance Expectations - The Zacks Consensus Estimate for ESEA's revenues is projected at $55.4 million, indicating a 9.4% increase from the same quarter last year [2]. - ESEA has a history of earnings surprises, having exceeded the Zacks Consensus Estimate in two of the last four quarters, with an average beat of 20.9% [3]. Factors Influencing Performance - The anticipated strong demand for eco-friendly and fuel-efficient containerships is expected to significantly boost ESEA's top line, leading to higher charter rates and improved profitability through increased charter income and operational efficiencies [4]. - However, geopolitical instability and environmental regulations may pose risks by potentially increasing operating expenses [5]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for Euroseas, as it has an Earnings ESP of 0.00% and holds a Zacks Rank of 1 (Strong Buy) [6]. Stock Performance - ESEA's shares have outperformed the Zacks Transportation—Shipping industry and competitors like Star Bulk Carriers (SBLK) and Seanergy Maritime Holdings (SHIP) over the past 30 days, attributed to effective cost control measures [8].