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Analysts Estimate Okeanis Eco Tankers Corp. (ECO) to Report a Decline in Earnings: What to Look Out for
Okeanis Eco TankersOkeanis Eco Tankers(US:ECO) ZACKSยท2024-08-02 15:01

Company Overview - Okeanis Eco Tankers Corp. (ECO) is expected to report a year-over-year decline in earnings, with a projected EPS of $0.90, reflecting a decrease of 45.5% compared to the previous year [3] - Revenues for the quarter are anticipated to be $100.71 million, down 15.9% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 2.38% higher in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Okeanis Eco Tankers is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10] Earnings Surprise History - In the last reported quarter, Okeanis Eco Tankers Corp. exceeded the expected EPS of $1.10 by delivering $1.23, resulting in a surprise of +11.82% [12] - Over the past four quarters, the company has only beaten consensus EPS estimates once [13] Industry Context - In the Zacks Transportation - Shipping industry, Euroseas Ltd. (ESEA) is expected to report earnings of $2.49 per share, indicating a year-over-year decline of 40.3% [17] - Euroseas' revenue is projected to be $49.33 million, showing no change from the previous year [17] - The consensus EPS estimate for Euroseas has been revised 7.3% higher in the last 30 days, but it also has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell) [18]