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Seanergy Maritime (SHIP)
NASDAQ:SHIP
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.77Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 27, 2025
|% Change Since: 13.62%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment. Seanergy Maritime highlighted strategic fleet expansions, successful refinancing, and improved operational efficiency, reflecting a positive outlook and long-term confidence in the Capesize market. However, the company faced challenges with a net loss, revenue decline, and temporary market corrections in the first quarter. Despite these challenges, the overall tone suggested optimism for future profitability and market recovery.Company Guidance
In the first quarter of 2025, Seanergy Maritime Holdings Corp. reported a revenue of $24.2 million, EBITDA of $6.6 million, and a net loss of $6.8 million, alongside a cash balance of $31 million. Despite a softer earnings environment, the company declared a dividend of $0.05 per common share, reflecting their commitment to shareholder returns. The company maintained a daily time charter equivalent (TCE) of $13,400, outperforming the Baltic Capesize Index by approximately 3%. Looking ahead, Seanergy provided guidance for Q2 with an expected TCE of about $19,100, supported by forward freight agreement (FFA) hedging, while 39% of Q2 operating days are hedged at an average rate of approximately $22,700. Additionally, Seanergy completed $88.1 million in refinancing transactions, reducing debt maturities for the next four quarters and positioning the company for capital returns and market opportunities. The strategic acquisition of two Japanese-built vessels, financed through a mix of cash and bank financing, aligns with their focus on modern, fuel-efficient tonnage. Seanergy is optimistic about long-term Capesize market fundamentals, driven by constrained vessel supply growth and steady demand for dry bulk commodities.Strategic Fleet Expansion
Seanergy took delivery of two high-quality Japanese-built Capesize vessels, the Blue Ship and the May Ship, both employed under favorable contracts, aligning with the company's focus on modern, fuel-efficient tonnage.
Successful Refinancing Transactions
Completed transactions totaling $88.1 million to refinance existing debt and fund new acquisitions, removing all debt maturities for the next four quarters and improving financial flexibility.
Improved Operational Efficiency
Achieved a 7% reduction in daily operating expenses year-over-year, enhancing operational efficiency and financial resilience.
Positive Market Outlook
Capesize daily charter rates rebounded from $6,000 to $23,000 within the quarter, with long-term fundamentals supported by constrained vessel supply and resilient demand.
Strategic Hedging and Coverage
About 39% of Q2 operating days hedged at $22,700, and one-third of available days throughout the year secured at rates exceeding $22,000, ensuring profitable cash flows.
SHIP 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
SHIP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 27, 2025 | $6.02 | $6.31 | +4.82% |
Mar 06, 2025 | $6.80 | $6.97 | +2.50% |
Nov 05, 2024 | $8.81 | $9.30 | +5.56% |
Aug 06, 2024 | $8.16 | $9.30 | +13.97% |
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 Seanergy Maritime (SHIP) report earnings?
Seanergy Maritime (SHIP) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Seanergy Maritime (SHIP) earnings time?
Seanergy Maritime (SHIP) earnings time is at Aug 06, 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 SHIP EPS forecast?
SHIP EPS forecast for the fiscal quarter 2025 (Q2) is 0.13.