Analysts Estimate Genco Shipping & Trading (GNK) to Report a Decline in Earnings: What to Look Out for

Company Overview - Genco Shipping & Trading (GNK) is expected to report a year-over-year decline in earnings, with a projected earnings per share (EPS) of $0.28, reflecting a decrease of 34.9$65.04 million, which is an 11% decline from the same quarter last year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised down by 162.19% over the last 30 days, indicating a significant reassessment by analysts regarding the company's earnings prospects [4] - The Most Accurate Estimate for Genco Shipping is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -12.76%, suggesting a bearish outlook from analysts [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, but the predictive power is stronger for positive readings [7][8] - Genco Shipping's current Zacks Rank is 4 (Sell), which, combined with the negative Earnings ESP, makes it challenging to predict an earnings beat [11][18] Historical Performance - In the last reported quarter, Genco Shipping met the consensus EPS estimate of $0.41, resulting in no surprise [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times, indicating some level of historical performance consistency [13] Industry Context - In the broader Zacks Transportation - Shipping industry, Star Bulk Carriers (SBLK) is also expected to report a decline in earnings, with an EPS estimate of$0.42, reflecting a year-over-year change of -42.5% [17] - Star Bulk Carriers has seen a 114.8% downward revision in its consensus EPS estimate over the last 30 days and currently holds a Zacks Rank of 5 (Strong Sell), indicating a challenging outlook similar to Genco Shipping [18]