EuroDry Ltd (EDRY)
NASDAQ:EDRY
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
-1.1Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong quarter marked by significant revenue growth (38.9%), a return to profitability (net income $260k vs prior-year loss), a large positive swing in adjusted EBITDA (~$4.87M vs -$1.02M), improved utilization and more than doubled per-vessel earnings. Management is executing buybacks while investing in fleet modernization (4 newbuilds) and maintaining disciplined charter/hedging strategies. Key risks include macro/geopolitical uncertainty, conditional newbuilding financing, rising breakeven levels, and upcoming debt/newbuild payments. On balance, near-term operational and market momentum outweigh the execution and market risks discussed.Company Guidance
Revenue Growth
Total net revenues of $12.79M in Q1 2026, an increase of 38.9% vs $9.21M in Q1 2025.
Return to Profitability
Net income attributable to controlling shareholders of $260k in Q1 2026 vs a net loss of $3.7M in Q1 2025; basic and diluted EPS of $0.09 (adjusted EPS $0.12).
Strong Adjusted EBITDA Performance
Adjusted EBITDA of $4.87M in Q1 2026 compared to a negative $1.02M in Q1 2025, representing a large positive operating swing year-over-year.
Per-Vessel Earnings More Than Doubled
Average TCE of $14.4k per vessel day in Q1 2026 vs $7.17k per vessel day in Q1 2025 — more than a 100% increase in per-vessel earnings.
High Fleet Utilization
Commercial utilization reached 100% and operational utilization 99.7% in Q1 2026 (overall utilization 99.7%) vs overall 97.4% in Q1 2025, indicating improved deployment efficiency.
Share Repurchase Activity
Repurchased 348k shares for a total of $5.6M under an authorized buyback program of up to $10M (authorization extended through August 2026).
Fleet Modernization and Expansion
Ordered 2 Kamsarmax vessels (plus 2 Ultramax already on order) for total new contract value of approximately $74M; deliveries scheduled for 2027 (Ultramax) and 2028 (Kamsarmax). Fleet will grow from 11 to 15 vessels and capacity from ~707k DWT to ~1.05M DWT upon delivery.
Strong Balance Sheet Indicators and NAV Upside
Cash and other assets of ~$31.6M; book value of vessels $163.1M vs estimated market value ~$226.9M implying excess value ~$63.9M and estimated NAV > $52.77 per share vs recent trading near ~$17—indicating a large discount to estimated NAV.
Favorable Market Dynamics
Panamax spot rates rose from ~$13.3k/day in Q1 to ~$22.3k/day by mid-May; 1-year Panamax ~ $18k/day (May 15). Capesize averaging above $35k/day. Company sold FFAs covering equivalent of ~2 vessel quarters at attractive levels (Q2 $19.1k/day, Q3 $17.2k/day, Q4 $17.1k/day).
EBITDA Sensitivity and Run-Rate Potential
Management's illustrative model suggests an annualized EBITDA of ~$34M at current anticipated rates; sensitivity noted that a $1k/day change in average rate would change estimated EBITDA by ~$2.2M.
EDRY 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
EDRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2026 | $20.61 | $21.18 | +2.79% |
Feb 19, 2026 | $16.90 | $18.50 | +9.47% |
Nov 13, 2025 | $13.50 | $13.22 | -2.03% |
Aug 11, 2025 | $10.10 | $10.67 | +5.64% |
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.
FAQ
When does EuroDry Ltd (EDRY) report earnings?
EuroDry Ltd (EDRY) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is EuroDry Ltd (EDRY) earnings time?
EuroDry Ltd (EDRY) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is EDRY EPS forecast?
EDRY EPS forecast for the fiscal quarter 2026 (Q2) is 1.12.