옵션 체인은 다양한 행사가격과 만기일에 대한 Euroseas의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Euroseas에 대한 시장 심리를 평가합니다..

Euroseas (NASDAQ:ESEA) 주식, 옵션 체인

Euroseas

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

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ESEA

소매업체들이 미국 항구에서 파업 조치를 앞두고 재고를 보충하려고 함에 따라 미국으로 향하는 대서양 횡단 컨테이너 운송량이 다시 증가하고 있다.

美 항구 파업 가능성에 대서양 횡단 컨테이너 운송량 증가, 컨테이너 선사들 주가 상승

Euroseas Ltd

Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) reported quarterly earnings of $3.95 per share which beat the analyst consensus estimate of $3.33 by 18.62 percent. The company reported quarterly sales of $54.100 million which beat the analyst consensus estimate of $53.298 million by 1.50 percent. This is a 6.78 percent increase over sales of $50.666 million the same period last year.

Earnings

Earnings Beats

News

Euroseas Q3 2024 GAAP EPS $3.95 Beats $3.33 Estimate, Sales $54.100M Beat $53.298M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Williams-Sonoma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $1.79 billion. 
• Cool Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $81.87 million. 
• TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) is expected to report quarterly earnings at $1.10 per share on revenue of $13.95 billion. 
• Global E Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) is likely to report quarterly loss at $0.15 per share on revenue of $168.60 million. 
• ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) is likely to report quarterly earnings at $7.21 per share on revenue of $2.41 billion. 
• Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is projected to report quarterly loss at $0.53 per share on revenue of $349.50 million. 
• Dycom Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) is likely to report quarterly earnings at $2.26 per share on revenue of $1.22 billion. 
• Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) is projected to report quarterly loss at $0.15 per share on revenue of $72.77 million. 
• So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) is expected to report earnings for its third quarter. 
• Yatsen Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) is expected to report earnings for its third quarter. 
• ATRenew (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $561.74 million. 
• Full Truck Alliance Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YMM#NYSE">YMM</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $388.51 million. 
• Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) is estimated to report quarterly earnings at $1.43 per share on revenue of $443.96 million. 
• Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) is projected to report quarterly earnings at $2.30 per share on revenue of $25.90 billion. 
• NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) is projected to report quarterly loss at $0.32 per share on revenue of $2.70 billion. 
• Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) is projected to report earnings for its third quarter. 
• Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is estimated to report earnings for its third quarter. 
• DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is likely to report earnings for its third quarter. 
• Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) is estimated to report earnings for its third quarter. 
• Jiayin Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) is expected to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copa Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPA#NYSE">CPA</a>) is expected to report quarterly earnings at $3.43 per share on revenue of $860.65 million. 
• Corporacion America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAAP#NYSE">CAAP</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $400.00 million. 
• Banco BBVA Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAR#NYSE">BBAR</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $583.60 million. 
• VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $286.47 million. 
• Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $53.30 million. 
• Universal Technical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $191.24 million. 
• Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $898.46 million. 
• Maximus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMS#NYSE">MMS</a>) is estimated to report quarterly earnings at $1.48 per share on revenue of $1.31 billion. 
• Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) is likely to report quarterly earnings at $1.09 per share on revenue of $356.86 million. 
• KinderCare Learning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>) is projected to report quarterly loss at $0.02 per share on revenue of $669.45 million. 
• NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $33.12 billion. 
• Jewett-Cameron Trading (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCTC#NASDAQ">JCTC</a>) is projected to report earnings for its fourth quarter. 
• Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) is projected to report quarterly loss at $0.25 per share on revenue of $2.80 million. 
• Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $14.32 million. 
• Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) is expected to report quarterly earnings at $1.48 per share on revenue of $2.12 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BBAR

CAAP

CLCO

DOYU

DUOT

GLBE

JACK

JCTC

JFIN

NAAS

NNDM

NVDA

PANW

RERE

SNOW

VNET

Earnings Scheduled For November 20, 2024

Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) is preparing to release its quarterly earnings on Wednesday, 2024-11-20. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Euroseas to report an earnings per share (EPS) of $3.55.
The market awaits Euroseas's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company beat EPS by $2.10, leading to a 0.63% increase in the share price the following trading session.
Here's a look at Euroseas's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.82</td>
<td>2.89</td>
<td>3.50</td>
<td>3.01</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.92</td>
<td>2.66</td>
<td>3.61</td>
<td>4.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>3.0%</td>
<td>-2.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732028589_0.png" alt="eps graph" />
<h3>Market Performance of Euroseas's Stock</h3>
Shares of Euroseas were trading at $42.37 as of November 18. Over the last 52-week period, shares are up 48.74%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Euroseas</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Euroseas.
Analysts have provided Euroseas with 1 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $60.0, suggesting a potential 41.61% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Safe Bulkers, Genco Shipping &amp; Trading and Global Ship Lease, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>For Safe Bulkers, analysts project an Buy trajectory, with an average 1-year price target of $6.0, indicating a potential 85.84% downside.</li>
<li>The consensus outlook from analysts is an Buy trajectory for Genco Shipping &amp; Trading, with an average 1-year price target of $21.33, indicating a potential 49.66% downside.</li>
<li>Analysts currently favor an Buy trajectory for Global Ship Lease, with an average 1-year price target of $29.0, suggesting a potential 31.56% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
Within the peer analysis summary, vital metrics for Safe Bulkers, Genco Shipping &amp; Trading and Global Ship Lease are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Euroseas</td>
<td>Buy</td>
<td>23.12%</td>
<td>$39.44M</td>
<td>13.53%</td>
</tr>
<tr>
<td>Safe Bulkers</td>
<td>Buy</td>
<td>17.44%</td>
<td>$33.71M</td>
<td>2.83%</td>
</tr>
<tr>
<td>Genco Shipping &amp; Trading</td>
<td>Buy</td>
<td>19.16%</td>
<td>$28.37M</td>
<td>2.32%</td>
</tr>
<tr>
<td>Global Ship Lease</td>
<td>Buy</td>
<td>8.16%</td>
<td>$96.39M</td>
<td>6.62%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Euroseas ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. Euroseas is at the top for Return on Equity.
<h3>Unveiling the Story Behind Euroseas</h3>
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.
<h3>Euroseas: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Euroseas's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 23.12% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Euroseas's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 69.39%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 13.53%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Euroseas's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.04% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.64.
<a href="https://www.benzinga.com/quote/ESEA/earnings">To track all earnings releases for Euroseas visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights Ahead: Euroseas's Quarterly Earnings

Contracts

Euroseas Extends Charter Contract For Two 2,500 teu Feeder Containerships; EM Corfu Fixed For Minimum Period Of 18 Months And Maximum Period Of 20 Months At $28,000/Day; Evridiki G Fixed For Minimum Period Of 14 Months And 16 Months Maxinum Period At $29,500/Day

Euroseas Announces 3-Year Charter Contracts For Three Eco 2,800 Teu Feeder Containership Newbuildings; All Charters Are For Minimum Period Of 34 Months And Maximum Period Of 36 Months At $32,000 Per Day

Euroseas Announces Contract For M/V Jonathan P For Period Of 11 To Maxiumum Period Of 13 Months At $20,000 Daily Rate

The new charter will commence in early December 2024, in direct continuation of its existing charter.

Euroseas Inks Time Charter Contract For Its M/V Synergy Busan Containership, For Minimum Period Of 36 To Maximum Period Of 38 Months, At Gross Daily Rate Of $35,500

Alliance Global Partners initiates coverage on Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) with a Buy rating and announces Price Target of $60.

Price Target

Initiation

Analyst Ratings

Alliance Global Partners Initiates Coverage On Euroseas with Buy Rating, Announces Price Target of $60

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">container freight rates</a> by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert.
&#8220;With the looming strikes at Canadian railways and U.S. ports, we may see an immediate uptick in freight rates as market participants brace for significant disruptions,&#8221; said Christian Roeloffs, CEO of German online container marketplace Container xChange.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39964809/stock-of-the-day-reversal-for-sfl-corp-why-investors-are-concerned">Stock Of The Day: Reversal For SFL Corp? Why Investors Are Concerned</a>
&#8220;The possibility of simultaneous strikes at U.S. ports and Canadian railways present a perfect storm for North American trade.&#8221;
Canadian&nbsp;National&nbsp;Railway and&nbsp;Canadian&nbsp;Pacific Kansas City plan to lock out thousands of rail workers on Thursday if they cannot reach labor agreements with the Teamsters Canada Rail Conference, Reuters reported.
The Teamsters issued a 72-hour strike notice on Sunday to CPKC ahead of the company's lockout notice.
Meanwhile, the International Longshoreman Association, which represents 45,000 dockworkers at three dozen U.S. ports, plans to go on strike on Oct. 1 if it does not sign a new labor contract with the U.S. Maritime Alliance by that date.
Price Action: Container leasing and container liner stocks saw gains and losses on Wednesday.
<ul>
<li>Triton International Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTN#NYSE">TRTN</a>) was down 0.53% to close at $26.18</li>
<li>Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) declined 4.98% to $45.42.</li>
<li>Global Ship Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) slipped 0.87% to $26.17</li>
<li>Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) picked up 2.09% to $133.73</li>
<li>Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) declined 0.90% to $82.36</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/06/39323886/new-chinese-megaport-roils-us-trading-influence-with-south-america">New Chinese Megaport Roils US Trading Influence With South America</a></li>
</ul>
Photo: Shutterstock

MATX

TRTN

Strikes At US Ports, Canada's Railways May Cause Container Freight Rate Volatility

Transatlantic container shipping volumes into the U.S. are <a href="https://www.benzinga.com/news/earnings/24/08/40439449/why-is-israel-based-cargo-shipping-company-zim-integrated-stock-surging-today">making a comeback </a>as U.S. retailers look to replenish inventories ahead of possible strike action at U.S. ports.
&#8220;There is some temptation by customers to bring in goods ahead of the labor contract expiry on Sept. 30,&#8221; Hapag-Lloyd CEO Rolf Habben Jansen said in an online news briefing, Reuters reported.
Hapag-Lloyd is the world&#8217;s fifth-largest container liner.
Freight sector analysts are closely following contract talks between cargo worker unions and port managers in case the September deadline is missed and a strike becomes imminent.
Retailers have also put in their orders sooner as they expect their goods to take longer trips around Africa to avoid Houthi-led attacks in the Red Sea, Hansen said.
Read Also: <a href="https://www.benzinga.com/government/24/03/37969025/baltimore-bridge-ship-collisions-not-uncommon-5-more-u-s-fatal-accidents">Baltimore Bridge: Ship Collisions Not Uncommon — 5 More Fatal Accidents In US</a>
This jump in ordering by U.S. retailers can be good news for several other liner operators that ship goods across the Atlantic basin to the U.S., such as Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>), Global Ship Lease Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) and Danaos Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>).
This good news for container shipping comes as ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) posted very strong second-quarter earnings on Monday by capitalizing on transpacific trade into the U.S.
The company&#8217;s average freight rate for a 20-foot container came in at $1,674 for the second quarter, up from $1,193 for the same period last year. ZIM carried 952,000 20-foot containers in the quarter, up from 860,000 such containers a year ago.
ZIM posted earnings per share of $3.08 for the quarter, blowing away analyst EPS consensus of $1.79. Second-quarter revenue totaled $1.933 billion, up from $1.31 billion a year earlier.
Price Actions: Container shipping stocks trended upward on Monday.
<ul>
<li>ZIM jumped 16.74% to close at $22.25</li>
<li>Euroseas gained 6.36% to finish the day at $47.02</li>
<li>Global Ship Lease rose 1.26% to $27.24</li>
<li>Danaos picked up 2% to $84.23</li>
</ul>
Read Now: • <a href="https://www.benzinga.com/markets/equities/24/03/37961583/tesla-gm-ford-supply-chain-concerns-baltimore-port-closure-going-to-have-an-impact">Tesla, GM, Ford Supply Chain Concerns: Baltimore Port Closure &#8216;Going To Have An Impact&#8217;</a>
Photo: Shutterstock

Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers

When it comes to short-term investing or trading, they say &quot;the trend is your friend.&quot; And there&#39;s no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
Often, the direction of a stock&#39;s price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it&#39;s important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
<h2>Euroseas Ltd.</h2>
Euroseas (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/esea#NASDAQ">ESEA</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. ESEA is quite a good fit in this regard, gaining 8% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 6.5% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, ESEA is currently trading at 96.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in ESEA may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2320497/here-s-why-momentum-in-euroseas-esea-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2320497">To read this article on Zacks.com click here.</a>

Small Cap

Trading Ideas

Here's Why Momentum in Euroseas Should Keep Going

WIIM

ESEA shares are trading higher after the company reported better-than-expected Q2 financial results.

Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) reported quarterly earnings of $4.92 per share which beat the analyst consensus estimate of $2.82 by 74.47 percent. The company reported quarterly sales of $58.724 million which beat the analyst consensus estimate of $48.436 million by 21.24 percent. This is a 23.12 percent increase over sales of $47.696 million the same period last year.

Euroseas Q2 2024 Adj. EPS $4.92 Beats $2.82 Estimate, Sales $58.724M Beat $48.436M Estimate

Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>, the "Company" or "Euroseas")))), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its 1,740 feeder containership, EM Spetses, for a minimum period of 18 to a maximum period of 20 months at the option of the charterer, at a gross daily rate of $18,100. The charter for EM Spetses will commence in early August 2024, upon the completion of its current charter.

Euroseas Announces 18-Month Charter Contract For Its Feeder Containership, EM Spetses, At A Gross Daily Rate Of $18,100

Euroseas Announces New Time Charter Contract For Feeder Containership M/V Joanna; 23-25 Month Charter At Average Gross Daily Rate Of $16,500, Starting Post-Drydock In Late October 2024

Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>, the &quot;Company&quot; or &quot;Euroseas&quot;)))), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today it has entered into a time charter contract for M/V Pepi Star, a newbuilding fuel efficient 1,800 teu feeder containership currently under construction, for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at a gross daily rate of $24,250. The new charter will commence upon delivery of the vessel from the shipyard expected to take place on or about July 19, 2024. The acquisition was financed with a combination of debt and equity.

Euroseas Announces Time Charter Contract For Its Third Fuel Efficient 1,800 teu Feeder Containership Newbuilding, M/V Pepi Star Currently Under Construction, For A Period Of 23-25 Months At The Option Of The Charterer, At A Gross Daily Rate Of $24,250

Noble Capital Markets analyst Poe Fratt maintains Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) with a Outperform and raises the price target from $49 to $53.

Noble Capital Markets Maintains Outperform on Euroseas, Raises Price Target to $53

Euroseas Enters Time Charter Contract For New 1,800 TEU Feeder Containership M/V Stephania K At $22,000 Daily Rate, Delivery Expected June 28, 2024

Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) reported quarterly earnings of $2.66 per share which missed the analyst consensus estimate of $2.89 by 7.96 percent. This is a 13.92 percent decrease over earnings of $3.09 per share from the same period last year. The company reported quarterly sales of $46.700 million which beat the analyst consensus estimate of $46.313 million by 0.84 percent. This is a 11.36 percent increase over sales of $41.937 million the same period last year.

Earnings Misses

Euroseas Q1 2024 Adj EPS $2.66 Misses $2.89 Estimate, Sales $46.700M Beat $46.313M Estimate

Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>, the "Company" or "Euroseas")))), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today it has entered into a time charter contract for M/V Monica, a newbuilding fuel efficient 1,800 teu feeder containership currently under construction, for a minimum period of 10 to a maximum period of 12 months at the option of the charterer, at a gross daily rate of $16,000. The new charter will commence upon delivery of the vessel from the shipyard expected around mid-May 2024. The acquisition was financed with a combination of own funds and a US$22.5 million loan provided by the National Bank of Fujairah. The same financing is secured for the sister ship M/V Stefania K, which is expected to be delivered in mid-June. &nbsp;
Aristides Pittas, Chairman and CEO of Euroseas, commented: "We are pleased to announce that we have chartered our upcoming newbuilding vessel, the fifth in a series of nine and first of our three 1,800 teu units, with one of the largest liner companies, at a profitable rate level of $16,000/day. This charter is expected to contribute about $2.7 million of EBITDA for the minimum contracted period; it increases our 2024 charter coverage to over 85%. We are also pleased to have started a cooperation with the National Bank of Fujairah, as part of our strategy of diversifying our debt financing sources and expanding our relationships with commercial shipping lenders worldwide; and, finally, we are grateful for the advice we received from Alantra DIFC in arranging this financing."
Bilal Hasan Ashraf – Head, Energy &amp; Marine and Government and Large Corporate, Fujairah – National Bank of Fujairah PJSC, commented: "We are excited to support the charter of Euroseas new fuel-efficient container ships through our sustainability linked loan. This innovative partnership not only demonstrates our commitment to promote sustainable practices in the maritime industry but also showcases our dedication to support businesses that prioritize environmental stewardship. By investing in cleaner and more efficient vessels, we are proud to contribute to a greener future for the shipping industry and the planet as a whole."
Nicholas Petrakakos, Partner &amp; MD at Alantra DIFC, commented: "We are pleased to have advised Euroseas in this milestone sustainability linked financing facility with National Bank of Fujairah, for two state of the art containerships MV Monica and MV Stephania K. Our Maritime &amp; Offshore team strives to deliver innovative solutions to our clients, and this transaction is a testament of our commitment, bringing together a prominent Greek owner and the most sophisticated UAE based shipping bank."

Financing

Euroseas Ltd. Announces Time Charter Contract For Its Fuel Efficient 1,800 teu Feeder Containership Newbuilding, M/V Monica For 10-12 Months At The Option Of The Charterer, At A Gross Daily Rate Of $16,000 And Financing Of M/V Monica And M/V Stefania K

Euroseas Q3 2024 Earnings Preview

Here are the major earnings after the close today

Euroseas Non-GAAP EPS of $3.92 beats by $0.37, revenue of $54.15M beats by $0.85M

Reports Q3 revenue $54.1M, consensus $53.3M.Aristides Pittas, Chairman and CEO of Euroseas (ESEA) commented: "During the third quarter of 2024, the...

Euroseas reports Q3 EPS $3.92, consensus $3.55

Euroseas declares $0.60 dividend

ZIM Integrated: Selling The Great News On Potential 2025 Headwinds (Downgrade)

Euroseas (ESEA) has released an update. Euroseas Ltd. has reported robust financial results for the nine-month period ending September 30, 2024, wi...

Euroseas Boosts Fleet and Reports Strong Earnings

Euroseas Ltd. (ESEA) Q3 2024 Earnings Call Transcript

Euroseas Ltd ( ($ESEA) ) has released its Q3 earnings. Here is a breakdown of the information Euroseas Ltd presented to its investors. Euroseas Ltd...

Euroseas Ltd. Reports Quarterly Earnings and Fleet Expansion

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Euroseas (ESEA – Research Report), with a price target of...

Euroseas: Strong Financial Performance and Strategic Growth Justify Buy Rating

CLIR

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Press Releases

Euroseas Ltd. Sets Date for the Release of Second Quarter 2024 Results, Conference Call and Webcast

Euroseas Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2024

London Shipping Summit-Industry Leaders Presenting At 16th Annual Capital Link Shipping & Marine Services Forum

Euroseas Ltd. Announces Participation at Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference

General

Euroseas Ltd. Announces 3-year Charter Contract for its Intermediate Containership, M/V Synergy Busan

Euroseas Ltd. Announces 1-year Charter Contract for its Feeder Containership, M/V Jonathan P

Euroseas Ltd. Announces 3-year Charter Contracts for Three Eco 2,800 teu Feeder Containership Newbuildings, M/V Tender Soul, M/V Dear Panel and M/V Symeon P

Euroseas Ltd. Announces Charter Contract Extensions for its Two 2,500 teu Feeder Containerships, EM Corfu and Evridiki G

Euroseas Ltd. Sets Date for the Release of Third Quarter 2024 Results, Conference Call and Webcast

Euroseas Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024, Declares Quarterly Dividend and Announces Order for the Construction of Two Fuel-Efficient 4,300 TEU Containerships

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