Euroseas Ltd. (ESEA) Lags Q3 Earnings and Revenue Estimates

Core Viewpoint - Euroseas Ltd. reported quarterly earnings of $4.23 per share, which missed the Zacks Consensus Estimate of $4.4 per share, representing an earnings surprise of -3.86% [1] - The company posted revenues of $58.55 million for the quarter, missing the Zacks Consensus Estimate by 4.02% [2] Financial Performance - Year-over-year earnings increased from $3.92 per share to $4.23 per share [1] - Revenues rose from $55.38 million in the same quarter last year to $58.55 million [2] - Over the last four quarters, Euroseas has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Euroseas shares have increased approximately 70% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.4% [3] - The current Zacks Rank for Euroseas is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $4.32, with expected revenues of $60.52 million [7] - For the current fiscal year, the consensus EPS estimate is $16.68 on revenues of $238.32 million [7] - The outlook for the Transportation - Shipping industry is positive, with the industry currently ranked in the top 24% of over 250 Zacks industries [8]