Will Genco Shipping (GNK) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Genco Shipping & Trading (GNK) has consistently beaten earnings estimates, with an average surprise of 8.02% over the last two quarters [1] - The company reported earnings of $0.46 per share for the last quarter, exceeding the Zacks Consensus Estimate of $0.42 per share by 9.52% [1] - Genco Shipping's positive Earnings ESP of +15.84% indicates bullish sentiment among analysts regarding the company's earnings prospects [3] Earnings Performance - In the previous quarter, Genco Shipping's actual earnings of $0.49 per share surpassed the expected $0.46 per share, resulting in a surprise of 6.52% [1] - The Zacks Earnings ESP is a key metric that compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting recent analyst revisions [3] Future Outlook - The next earnings report for Genco Shipping is anticipated to be released on November 6, 2024 [3] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]