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].

ATHENS, Greece, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the fourth quarter ended December 31, 2024, on February 27, 2025 before market opens in New York. On the same day, Thursday, February 27, 2025 at 8:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the r ...

Core Viewpoint - Euroseas Ltd. has announced a new time charter contract for its feeder containership M/V EM Hydra, extending the contract for 24 to 26 months at a gross daily rate of $19,000, which is expected to commence on May 1, 2025 [1][2]. Company Summary - Euroseas Ltd. operates in the container shipping market, focusing on the ownership and operation of container carrier vessels [6]. - The company has a fleet of 22 vessels, including 15 feeder containerships and 7 intermediate containerships, following the spin-off of three subsidiaries into Euroholdings Ltd. [7]. - The total cargo capacity of Euroseas' fleet is 67,494 TEU, which will increase to 76,094 TEU after the delivery of two new intermediate containerships in 2027 [8]. Financial Impact - The new charter for M/V EM Hydra is expected to contribute approximately $7.3 million in EBITDA over the minimum contracted period [2]. - The charter coverage for 2025 is projected to reach about 85%, while the coverage for 2026 is expected to be around 50% [2]. Fleet Profile - The fleet includes various types of vessels with different employment statuses and time charter rates, with the M/V EM Hydra being a feeder vessel built in 2005, now under a new charter rate of $19,000 per day [3][4].

Core Viewpoint - Euroseas Ltd. has announced new time charter contracts for two of its intermediate containerships, M/V Synergy Antwerp and M/V Synergy Keelung, for a minimum of 36 months at a gross daily rate of $35,500, reflecting strong demand in the container shipping market [1][2][3]. Company Summary - Euroseas Ltd. operates in the container shipping market, focusing on the ownership and operation of container carrier vessels [7][8]. - The company was formed in 2005 and trades on the NASDAQ under the ticker ESEA [7]. - Following a spin-off of three subsidiaries, Euroseas will have a fleet of 22 vessels, including 15 feeder and 7 intermediate containerships, with a total capacity of 67,494 teu [9]. Charter Contracts - The new charters for M/V Synergy Antwerp and M/V Synergy Keelung are expected to generate approximately $57 million in EBITDA over the minimum contracted period [3]. - The contracts increase Euroseas' charter coverage to about 82% for 2025 and 45% for 2026 [3]. Fleet Profile - The fleet includes various intermediate and feeder containerships, with the M/V Synergy Antwerp and M/V Synergy Keelung expected to commence their charters in May and June 2025, respectively [5][9]. - The company is retrofitting the M/V Synergy Keelung with energy-saving devices, sharing the costs with the charterer [4]. Market Demand - There is a strong demand for feeder and intermediate size vessels, driven by a tight supply and an aging fleet, with a significant percentage of vessels over 20 years old [3].

Core Viewpoint - Euroseas Ltd. has successfully sold its vessel M/V Diamantis P for approximately $13.15 million, which is seen as an attractive price compared to potential employment scenarios for the vessel until its next drydocking in October 2026 [1][2]. Company Strategy - The proceeds from the sale of M/V Diamantis P will be utilized by Euroholdings Ltd. to advance its strategy of consolidating older vessels and maximizing realized value [3]. - The sale reflects the execution of Euroseas' strategy to divest older vessels rather than pursuing employment options [3]. Financial Impact - Euroseas expects to record a gain on the sale of M/V Diamantis P of approximately $10.2 million, equating to about $1.45 per share [2]. Fleet Profile Changes - Following the sale of M/V Diamantis P and the planned spin-off of Euroholdings, the fleet profile of Euroholdings Ltd. will consist of two older vessels, while Euroseas will retain a more modern fleet [5][6]. - Euroseas currently operates a fleet of 24 vessels, including 17 feeder containerships and 7 intermediate containerships, with a total cargo capacity of 70,665 TEU [10]. Spin-off Details - Euroseas plans to spin off three subsidiaries, including Euroholdings, which will be distributed to shareholders in exchange for 100% of the shares of Euroholdings [4]. - Euroholdings has applied for listing on the NASDAQ Capital Market, although the completion of the spin-off is not guaranteed [4].

Core Viewpoint - Euroseas Ltd. has announced the extension of the charter for its older containership, M/V Aegean Express, and plans to spin off three older vessels into a new entity, Euroholdings Ltd., which aims to maximize shareholder value and create new opportunities in the shipping sector [1][2][4]. Company Announcements - The charter for M/V Aegean Express has been extended for a minimum of ten months and a maximum of twelve months at a daily rate of $16,700 [1]. - Euroseas intends to spin off three older vessels, M/V Aegean Express, M/V Diamantis P, and M/V Joanna, into Euroholdings Ltd., which has applied for listing on the NASDAQ Capital Market [2][3]. Spin-off Details - The spin-off will involve Euroseas contributing the three vessels to Euroholdings in exchange for 100% of its shares, which will then be distributed to Euroseas shareholders [3]. - A conference call is scheduled for January 7, 2025, to discuss the spin-off in detail [3][8]. Management Commentary - Aristides Pittas, Chairman and CEO, expressed satisfaction with the charter extension and the spin-off plan, emphasizing the potential to maximize the value of older vessels and enhance shareholder returns [4]. - The spin-off is expected to have minimal impact on Euroseas' overall strategy, as Euroholdings shares represent only about 5% of Euroseas' net asset value (NAV) [5]. Fleet and Operational Strategy - Euroseas plans to continue modernizing its fleet, having placed orders for 11 newbuilding vessels, with seven already delivered in 2023 and 2024 [5]. - The company believes that maintaining older vessels can generate higher returns compared to selling them, especially as the three vessels in Euroholdings are currently unlevered and under time charter employment [6]. Valuation and Market Position - Euroholdings is expected to trade at better valuation levels with smaller or no discounts to NAV compared to sector peers, providing distinct investment options for shareholders [7]. - The clean balance sheet of Euroholdings can serve as a consolidating vehicle in the shipping sector, particularly for vintage vessels, potentially creating additional long-term value for shareholders [7]. Fleet Profiles - After the spin-off, Euroholdings will operate three older vessels with a total deadweight tonnage (DWT) of 71,242 and a total capacity of 5,179 TEU [12]. - Euroseas will retain a fleet of 20 vessels with a total DWT of 774,930 and a total capacity of 61,894 TEU, along with four vessels under construction [13][14]. Company Background - Euroseas Ltd. was established in 2005 and operates in the container shipping market, managing a fleet of 23 vessels with a cargo capacity of 67,073 TEU [15][17].

Group 1: Euroseas (ESEA) - Euroseas is considered undervalued in the transportation sector, operating in dry bulk and container shipping markets [8] - Currently trading near 52-week lows at approximately $33 per share, ESEA has a forward earnings multiple of 2.2X, with fiscal 2024 EPS expected at $15.24 per share [2] - ESEA offers a significant annual dividend yield of 6.91%, surpassing the S&P 500's average of 1.2% and the Zacks Transportation-Shipping Industry average of 4.65% [14] Group 2: Janus Henderson Group (JHG) - Janus Henderson is a prominent player in the financial sector, trading near its 52-week highs at around $42 per share [15] - The company has seen a year-to-date price increase of over 40% and trades at a reasonable forward earnings multiple of 12.5X [16] - JHG is expected to achieve double-digit growth in both top and bottom lines for fiscal 2024 and FY25, with an annual dividend yield of 3.62% [15][16] Group 3: National Fuel Gas Company (NFG) - National Fuel Gas Company operates as an integrated energy company with natural gas assets in the Appalachian basin, trading under 10X forward earnings [17] - Currently trading near its 52-week peak at over $60, NFG is recognized as a dividend king, having increased its dividend for over 50 consecutive years [18] - The company has a current dividend yield of 3.41% and a payout ratio of 41%, indicating potential for future dividend increases [18] Group 4: Investment Outlook - The stocks of Euroseas, Janus Henderson, and National Fuel Gas are highlighted for their attractive valuations and generous dividends, making them appealing investment opportunities going into the new year [19] - Earnings estimate revisions for these companies have been positive, suggesting an ideal time for investment [19]

Euroseas Ltd. (ESEA) has been on a downward spiral lately with significant selling pressure. After declining 17.7% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stoc ...

The Zacks Transportation - Shipping industry has performed well in 2024 despite headwinds like lingering supply-chain disruptions, increased operational costs and geopolitical woes. The industry has benefited from an improvement in demand for goods and commodities from pandemic lows.The prevalent tensions in the Red Sea and the resultant limited container availability caused a surge in freight costs. The re-opening of the Chinese economy came as good news for the industry participants. The strong outlook fo ...

Euroseas Ltd. (NASDAQ:ESEA) Q3 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Conference Call Participants Mark Reichman - Noble Capital Markets Tate Sullivan - Maxim Group Poe Fratt - Alliance Global Partners Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Third Quarter 2024 Financial Results. We have with us Mr. Aristid ...