Eurodry Earnings Estimate

EDRY -  USA Stock  

USD 22.35  0.41  1.80%

Many public companies, such as Eurodry, manage the perception of their earnings on regular basis to make sure that analyst estimates are accurate. Future earnings calculations are essential input when attempting to value a firm.
Eurodry is projected to generate 7.85 in earnings per share on 31st of December 2021. Eurodry earnings estimates module stress-tests analyst consensus about projected Eurodry EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Continue to Investing Opportunities.

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Gross Profit is likely to rise to about 9.9 M in 2021, whereas Profit Margin is likely to drop (0.36)  in 2021.

Eurodry Earnings Estimation Breakdown

Calculation of earning per share of Eurodry is based on official Zacks consensus of 1 analysts regarding Eurodry future annual earnings. Given the historical accuracy of 29.74%, the future earnings per share of Eurodry is estimated to be 7.85 with the lowest and highest values of 7.85 and 7.85, respectively. Please note that this consensus of annual earnings estimates for Eurodry is an estimate of EPS before non-recurring items and including employee stock options expenses
Current EPS
-3.28
1st of August 2021
7.85
Lowest
Estimated EPS
7.85
7.85
Highest

Eurodry Earnings Projection Consensus

Suppose the current estimates of Eurodry's value are higher than the current market price of the Eurodry stock. In this case, investors may conclude that Eurodry is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Eurodry's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

1

29.74%

-3.28

7.85

Eurodry Earnings per Share Projection vs Actual

Actual Earning per Share of Eurodry refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Eurodry predict the company's earnings will be in the future. The higher the earnings per share of Eurodry, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Eurodry Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Eurodry, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Eurodry should always be considered in relation to other companies to make a more educated investment decision.

Eurodry Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Eurodry's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-05-20
2021-03-310.270.19-0.0829 
2021-02-16
2020-12-31-0.395-0.310.08521 
2020-11-12
2020-09-30-0.3350.060.395117 
2020-08-06
2020-06-30-1.15-1.86-0.7161 
2020-05-18
2020-03-31-0.695-1.17-0.47568 
2020-02-12
2019-12-310.2350.450.21591 
2019-11-14
2019-09-30-0.105-0.35-0.245233 
2019-08-08
2019-06-30-0.255-1.14-0.885347 
2019-05-23
2019-03-31-0.320.180.5156 
2019-02-19
2018-12-310.110.250.14127 
2018-11-15
2018-09-300.240.630.39162 
2018-08-09
2018-06-300.20.16-0.0420 

About Eurodry Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Eurodry earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Eurodry estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Eurodry fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2021
Accumulated Retained Earnings Deficit-18.5 M-19.9 M
Earning Before Interest and Taxes EBIT-3.5 M-3.6 M
Earnings per Basic Share(3.28) (3.54) 
Earnings per Diluted Share(3.28) (3.54) 
Price to Earnings Ratio(1.67) (1.72) 
Earnings Before Interest Taxes and Depreciation Amortization EBITDAM4.5 M
Earnings before Tax-5.9 M-6.3 M
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange.

Eurodry Investors Sentiment

The influence of Eurodry's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eurodry. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EDRY

Eurodry Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Eurodry. What is your opinion about investing in Eurodry? Are you bullish or bearish?
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Pair Trading with Eurodry

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eurodry position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eurodry will appreciate offsetting losses from the drop in the long position's value.

Eurodry Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Eurodry and Genco Shipping Trading. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Investing Opportunities. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Eurodry price analysis, check to measure Eurodry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eurodry is operating at the current time. Most of Eurodry's value examination focuses on studying past and present price action to predict the probability of Eurodry's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Eurodry's price. Additionally, you may evaluate how the addition of Eurodry to your portfolios can decrease your overall portfolio volatility.
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The market value of Eurodry is measured differently than its book value, which is the value of Eurodry that is recorded on the company's balance sheet. Investors also form their own opinion of Eurodry's value that differs from its market value or its book value, called intrinsic value, which is Eurodry's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eurodry's market value can be influenced by many factors that don't directly affect Eurodry underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eurodry's value and its price as these two are different measures arrived at by different means. Investors typically determine Eurodry value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eurodry's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.