Euroseas (ESEA) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Shipping stocks like ZIM, ESEA and VIK have not only performed well in 2024 but are likely to impress in 2025 as well.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Euroseas Ltd. (ESEA) and SkyWest (SKYW) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Euroseas Ltd. (NASDAQ:ESEA ) Q3 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Conference Call Participants Mark Reichman - Noble Capital Markets Tate Sullivan - Maxim Group Poe Fratt - Alliance Global Partners Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Third Quarter 2024 Financial Results.
Euroseas Ltd. (ESEA) came out with quarterly earnings of $3.92 per share, beating the Zacks Consensus Estimate of $3.77 per share.
Here is how Euroseas Ltd. (ESEA) and SkyWest (SKYW) have performed compared to their sector so far this year.
The average of price targets set by Wall Street analysts indicates a potential upside of 44.8% in Euroseas (ESEA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
ESEA's third-quarter performance is expected to have been significantly hurt by economic uncertainties, resulting in increased operating expenses.
Euroseas (ESEA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here is how Euroseas Ltd. (ESEA) and SkyWest (SKYW) have performed compared to their sector so far this year.