Genco Shipping & Trading (US:GNK) ZACKSยท2025-05-07 23:51Company Performance - Genco Shipping & Trading reported a quarterly loss of $0.28 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.26, and a decline from earnings of $0.49 per share a year ago, indicating an earnings surprise of -7.69% [1] - The company posted revenues of $43.92 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.74%, but down from $80.24 million in the same quarter last year [2] - Over the last four quarters, Genco Shipping has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Market Outlook - Genco Shipping shares have lost about 3.6% since the beginning of the year, while the S&P 500 has declined by 4.7% [3] - The company's earnings outlook is uncertain, with current consensus EPS estimates at -$0.06 on $51.5 million in revenues for the coming quarter and $0.17 on $230.79 million in revenues for the current fiscal year [7] - The estimate revisions trend for Genco Shipping is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Transportation - Shipping industry, to which Genco Shipping belongs, is currently in the bottom 11% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Genco Shipping's stock performance [5]