Analysts Estimate EuroDry (EDRY) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - EuroDry (EDRY) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended September 2024, with actual results being a significant factor influencing its near-term stock price [1][3]. Earnings Expectations - The consensus estimate predicts a quarterly loss of $0.70 per share, reflecting a year-over-year change of -191.7$16.57 million, marking a 65.5% increase from the previous year [3]. - The consensus EPS estimate has been revised down by 4% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [10]. - The stock holds a Zacks Rank of 3, complicating predictions of an earnings beat [10]. Historical Performance - In the last reported quarter, EuroDry was expected to post earnings of $0.58 per share but instead reported a loss of$0.17, resulting in a surprise of -129.31% [11]. - Over the past four quarters, EuroDry has beaten consensus EPS estimates twice [12]. Industry Comparison - Danaos (DAC), another player in the Zacks Transportation - Shipping industry, is expected to report earnings of $6.86 per share for the same quarter, indicating a year-over-year decline of -5.5$251.16 million, up 5% from the previous year [16]. - Danaos' consensus EPS estimate has been revised down by 2.3% over the last 30 days, resulting in an Earnings ESP of 0.00% and a Zacks Rank of 4, indicating challenges in beating consensus estimates [17].