Safe Bulkers (SB) Matches Q3 Earnings Estimates

Core Viewpoint - Safe Bulkers reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate, and showing an increase from$0.08 per share a year ago [1] - The company posted revenues of $70.5 million for the quarter, missing the Zacks Consensus Estimate by 9.06$58.7 million year-over-year [2] Group 1: Earnings Performance - Safe Bulkers' earnings of $0.16 per share were in line with expectations, but the company had previously projected earnings of$0.18 per share, resulting in a surprise of -5.56% when actual earnings were $0.17 [1] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [1] Group 2: Revenue Analysis - The reported revenue of$70.5 million for the quarter was below the consensus estimate, indicating a potential concern for future performance [2] - The company has exceeded consensus revenue estimates two times in the last four quarters [2] Group 3: Stock Performance and Outlook - Safe Bulkers shares have increased by approximately 10.7% since the beginning of the year, while the S&P 500 has gained 25.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for earnings revisions [3][4] Group 4: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of$82.31 million, and for the current fiscal year, it is $0.69 on revenues of$314.48 million [7] - The Transportation - Shipping industry, to which Safe Bulkers belongs, is currently ranked in the bottom 17% of Zacks industries, which may negatively impact stock performance [8]