Genco Shipping & Trading Earnings Preview

Genco Shipping & Trading (NYSE:GNK) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Genco Shipping & Trading to report an earnings per share (EPS) of $0.41.

Genco Shipping & Trading bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

Last quarter the company beat EPS by $0.01, which was followed by a 2.46% drop in the share price the next day.

Here's a look at Genco Shipping & Trading's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.45

0.52

0.40

-0.11

EPS Actual

0.46

0.49

0.43

-0.09

Price Change %

-2.0%

0.0%

7.000000000000001%

7.000000000000001%

Tracking Genco Shipping & Trading's Stock Performance

Shares of Genco Shipping & Trading were trading at $16.01 as of November 04. Over the last 52-week period, shares are up 27.57%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Insights on Genco Shipping & Trading

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Genco Shipping & Trading.

The consensus rating for Genco Shipping & Trading is ...