Genco Shipping & Trading (NYSE:GNK) reported its Q3 earnings results on Wednesday, November 3, 2021 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Genco Shipping & Trading their estimated earnings by 2.13%, reporting an EPS of $1.44 versus an estimate of $1.41, which did not surprise analysts.
Revenue was up $67,728,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03, which was followed by a 4.96% increase in the share price the next day.
Here’s a look at Genco Shipping & Trading’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.72 | 0.02 | 0.11 | 0.05 |
| EPS Actual | 0.75 | 0.06 | 0.22 | 0.03 |
| Revenue Estimate | 102.28M | 51.64M | 54.97M | 54.70M |
| Revenue Actual | 121.01M | 87.59M | 95.50M | 87.52M |
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