EuroDry Ltd reports results for the quarter ended June 30 - Earnings Summary

• EuroDry Ltd EDRY.OQ reported a quarterly adjusted loss of $1.12​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of three analysts for the quarter was for a loss of $1.35 per share. Wall Street expected results to range from $-1.85 to -97 cents per share.

• Revenue fell 35.3% to $11.28 million from a year ago; analysts expected $10.73 million.

• EuroDry Ltd's reported EPS for the quarter was a loss of $1.12​.

• The company reported a quarterly loss of $3.07 million.

• EuroDry Ltd shares had risen by 3.3% this quarter and lost 9.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 177.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the marine freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for EuroDry Ltd is $20.00, about 49.5% above its last closing price of $10.10

This summary was machine generated from LSEG data August 11 at 02:07 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)