Eagle Historical Income Statement
EGLE Stock | USD 62.95 0.75 1.21% |
Historical analysis of Eagle Bulk income statement accounts such as Selling General Administrative of 41.4 M or Total Revenue of 279.9 M can show how well Eagle Bulk Shipping performed in making a profits. Evaluating Eagle Bulk income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Eagle Bulk's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Eagle Bulk Shipping latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Eagle Bulk Shipping is a good buy for the upcoming year.
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About Eagle Income Statement Analysis
Eagle Bulk Shipping Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Eagle Bulk shareholders. The income statement also shows Eagle investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Eagle Bulk Income Statement Chart
Eagle Bulk Shipping Income Statement is one of the three primary financial statements used for reporting Eagle's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eagle Bulk Shipping revenue and expense. Eagle Bulk Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Eagle Bulk's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 89.4 M, whereas Total Revenue is forecasted to decline to about 279.9 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Eagle Bulk Shipping generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Eagle Bulk Shipping. It is also known as Eagle Bulk overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Eagle Bulk Shipping income statement and represents the costs associated with goods and services Eagle Bulk provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Eagle Bulk's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Eagle Bulk Shipping current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Bulk Shipping. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Eagle Bulk's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 89.4 M, whereas Total Revenue is forecasted to decline to about 279.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 32.3M | 17.0M | 22.7M | 27.5M | Depreciation And Amortization | 57.4M | 74.0M | 46.5M | 51.6M |
Eagle Bulk income statement Correlations
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Eagle Bulk Account Relationship Matchups
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Eagle Bulk income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 47.1M | 55.3M | 57.4M | 74.0M | 46.5M | 51.6M | |
Interest Expense | 30.6M | 35.4M | 32.3M | 17.0M | 22.7M | 27.5M | |
Selling General Administrative | 35.0M | 31.5M | 35.2M | 41.2M | 43.6M | 41.4M | |
Total Revenue | 292.4M | 275.1M | 594.5M | 719.8M | 393.8M | 279.9M | |
Gross Profit | 39.6M | 27.6M | 295.4M | 290.3M | 69.6M | 89.4M | |
Other Operating Expenses | 288.9M | 279.0M | 337.1M | 474.6M | 375.1M | 239.6M | |
Operating Income | 5.2M | (3.7M) | 261.4M | 252.4M | 37.7M | 32.9M | |
Ebit | 5.2M | (3.7M) | 261.4M | 252.4M | 24.5M | 40.0M | |
Ebitda | 52.3M | 51.6M | 318.7M | 326.3M | 71.0M | 91.6M | |
Cost Of Revenue | 252.8M | 247.5M | 299.1M | 429.6M | 324.2M | 190.5M | |
Total Operating Expenses | 36.2M | 31.5M | 38.0M | 45.0M | 50.9M | 35.7M | |
Income Before Tax | (21.7M) | (35.1M) | 184.9M | 248.0M | 22.7M | 23.9M | |
Total Other Income Expense Net | (26.9M) | (31.4M) | (76.5M) | (4.4M) | 21.0M | 22.0M | |
Net Income Applicable To Common Shares | (21.7M) | (35.1M) | 184.9M | 248.0M | 285.2M | 299.5M | |
Net Income | (52.1M) | (70.5M) | 184.9M | 248.0M | 22.7M | 23.9M | |
Income Tax Expense | 30.4M | 35.4M | 32.3M | 4.4M | 22.7M | 15.5M | |
Net Income From Continuing Ops | (21.7M) | (35.1M) | 184.9M | 248.0M | 39.3M | 41.3M | |
Interest Income | 1.9M | 257.2K | 91.5K | 2.9M | 7.0M | 7.3M | |
Net Interest Income | (28.7M) | (35.1M) | (32.2M) | (14.1M) | (13.0M) | (13.7M) | |
Reconciled Depreciation | 47.1M | 55.3M | 61.2M | 78.1M | 77.2M | 59.8M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eagle Bulk in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eagle Bulk's short interest history, or implied volatility extrapolated from Eagle Bulk options trading.
Pair Trading with Eagle Bulk
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 Eagle Bulk 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 Eagle Bulk will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Stock
0.97 | SB | Safe Bulkers Financial Report 8th of May 2024 | PairCorr |
0.67 | SB-PC | Safe Bulkers | PairCorr |
0.65 | SB-PD | Safe Bulkers | PairCorr |
0.82 | EDRY | EuroDry Financial Report 20th of May 2024 | PairCorr |
Moving against Eagle Stock
0.86 | NAT | Nordic American Tankers Financial Report 27th of May 2024 | PairCorr |
0.85 | GASS | StealthGas | PairCorr |
0.69 | DAC | Danaos Financial Report 20th of May 2024 | PairCorr |
0.61 | ZIM | ZIM Integrated Shipping Financial Report 27th of May 2024 | PairCorr |
0.58 | PSHG | Performance Shipping | PairCorr |
The ability to find closely correlated positions to Eagle Bulk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Bulk when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eagle Bulk - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eagle Bulk Shipping to buy it.
The correlation of Eagle Bulk is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eagle Bulk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Bulk Shipping moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eagle Bulk can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Bulk Shipping. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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When running Eagle Bulk's price analysis, check to measure Eagle Bulk'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 Eagle Bulk is operating at the current time. Most of Eagle Bulk's value examination focuses on studying past and present price action to predict the probability of Eagle Bulk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Bulk's price. Additionally, you may evaluate how the addition of Eagle Bulk to your portfolios can decrease your overall portfolio volatility.
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Is Eagle Bulk's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eagle Bulk. If investors know Eagle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eagle Bulk listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.65) | Dividend Share 1.38 | Earnings Share 1.96 | Revenue Per Share 35.509 | Quarterly Revenue Growth (0.31) |
The market value of Eagle Bulk Shipping is measured differently than its book value, which is the value of Eagle that is recorded on the company's balance sheet. Investors also form their own opinion of Eagle Bulk's value that differs from its market value or its book value, called intrinsic value, which is Eagle Bulk'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 Eagle Bulk's market value can be influenced by many factors that don't directly affect Eagle Bulk's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eagle Bulk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eagle Bulk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eagle Bulk'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.