Genco Shipping & Trading (GNK) Surpasses Q4 Earnings and Revenue Estimates

Core Insights - Genco Shipping & Trading reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of$0.28 per share, but down from $0.43 per share a year ago, indicating an earnings surprise of 3.57$67.95 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.48%, although this is a decline from year-ago revenues of 73.07 million [2] - Genco Shipping has outperformed the S&P 500, gaining approximately 6.5% since the beginning of the year compared to the S&P 500's 4.2% increase [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is -0.20 on revenues of $38.23 million, while for the current fiscal year, it is$0.48 on revenues of $242.85 million [7] Industry Context - The Transportation - Shipping industry, to which Genco Shipping belongs, is currently ranked in the bottom 21$0.20 per share, reflecting a year-over-year decline of 56.5%, with the consensus EPS estimate revised down by 35.9% over the last 30 days [9] - Frontline's anticipated revenues are projected to be $266.87 million, representing a 3.9% increase from the previous year [10]