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Euroseas Ltd (DE:2LE1)
:2LE1
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
4.33Last Year’s EPS
2.74Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 2.53%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with increased revenue, income, and dividends. Fleet expansion and strong charter coverage were also positive aspects. However, challenges remain, including slight declines in charter rates and geopolitical and economic uncertainties.Company Guidance
During the Euroseas Q4 2024 conference call, the company reported total net revenues of $53.3 million, an increase from the previous year's fourth quarter. The net income was $24.4 million, with adjusted net income at $23.3 million. The adjusted EBITDA for the quarter stood at $32.8 million. Euroseas declared a quarterly dividend of $0.65 per common share, with an annualized dividend yield of approximately 7.8%. The company has repurchased 425,000 shares since May 2022, totaling $9.25 million, and will distribute shares of Euroholdings Ltd., representing about 5% of their NAV, to shareholders. The fleet, consisting of 24 vessels with a capacity of nearly 71,000 TEU and an average age of 13.5 years, saw no idle periods except for one vessel undergoing maintenance. The global economic outlook, as projected by the IMF, remains stable, with the US growth forecast at 2.7% and emerging markets like India driving global growth.Revenue and Income Growth
Total net revenues for Q4 2024 were $53.3 million, representing an 8.7% increase over the previous year, with a net income of $24.4 million.
Dividend Increase
The Board of Directors declared a quarterly dividend of $0.65 per common share for Q4 2024, a $0.05 increase over the previous year.
Strong Charter Coverage
Euroseas secured strong charter coverage with approximately 85% of the fleet fixed for 2025 and about 49% for 2026.
Fleet Expansion
Euroseas took delivery of two new eco-friendly feeder containerships and commenced charters at a daily rate of $32,000 each.
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DE:2LE1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:2LE1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | €31.60 | €32.40 | +2.53% |
| Nov 20, 2024 | €39.39 | €37.42 | -5.00% |
| Aug 06, 2024 | €30.09 | €32.23 | +7.10% |
| May 23, 2024 | €34.41 | €32.50 | -5.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Euroseas Ltd (DE:2LE1) report earnings?
Euroseas Ltd (DE:2LE1) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Euroseas Ltd (DE:2LE1) earnings time?
Euroseas Ltd (DE:2LE1) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Euroseas Ltd stock?
The P/E ratio of Euroseas is N/A.
What is DE:2LE1 EPS forecast?
DE:2LE1 EPS forecast for the fiscal quarter 2025 (Q1) is 4.33.
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