Earnings Report: Here’s what to expect from EuroDry (NASDAQ:EDRY)

Earnings results for EuroDry (NASDAQ:EDRY)

EuroDry Ltd. is estimated to report earnings on 02/10/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.63. The reported EPS for the same quarter last year was $0.43.

EuroDry last released its quarterly earnings results on November 16th, 2020. The reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.47. The firm had revenue of $6.79 million for the quarter, compared to the consensus estimate of $5.57 million. EuroDry has generated ($0.69) earnings per share over the last year. EuroDry has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, February 10th, 2021 based off prior year’s report dates.

Analyst Opinion on EuroDry (NASDAQ:EDRY)

2 Wall Street analysts have issued ratings and price targets for EuroDry in the last 12 months. Their average twelve-month price target is $8.75, predicting that the stock has a possible upside of 7.76%. The high price target for EDRY is $10.00 and the low price target for EDRY is $7.50. There are currently 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

EuroDry has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $8.75, EuroDry has a forecasted upside of 7.8% from its current price of $8.12. EuroDry has received no research coverage in the past 90 days.

Dividend Strength: EuroDry (NASDAQ:EDRY)

EuroDry does not currently pay a dividend. EuroDry does not have a long track record of dividend growth.

Insiders buying/selling: EuroDry (NASDAQ:EDRY)

In the past three months, EuroDry insiders have not sold or bought any company stock. Only 8.05% of the stock of EuroDry is held by institutions.

Earnings and Valuation of EuroDry (NASDAQ:EDRY

Earnings for EuroDry are expected to grow in the coming year, from ($3.20) to ($1.76) per share. The P/E ratio of EuroDry is -3.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of EuroDry is -3.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. EuroDry has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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