Genco Shipping & Trading Limited (GNK - Free Report) is scheduled to report second-quarter 2022 results on Aug 4, before market opens.
The Zacks Consensus Estimate for GNK’s second-quarter 2022 earnings has been revised upward by 16.1% in the past 90 days. The company also has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, the average beat being 4.38%.
Let’s see how things are shaping up for Genco Shipping & Trading this earnings season.
Q2 Expectations
The Zacks Consensus Estimate for Genco Shipping & Trading’s second-quarter 2022 revenues is pegged at $102.83 million, indicating 21.9% growth year over year.
On the flip side, higher bunker expenses as a result of increased fuel prices and higher vessel operating expenses due to higher crew expenses might bother Genco Shipping & Trading’s bottom line.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Genco Shipping & Trading this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Genco Shipping & Trading has an Earnings ESP of 0.00% and a Zacks Rank of 3.
Stocks to Consider
Investors interested in the broader Transportation sector can consider stocks like Werner Enterprises (WERN - Free Report) and International Seaways (INSW - Free Report) , as these stocks possess the right combination of elements to beat estimates this reporting cycle.
Werner has an Earnings ESP of +1.42% and a Zacks Rank #3 at present. WERN will release second-quarter 2022 results on Aug 3.
Werner’s efforts to reward its shareholders through dividends and share buybacks are impressive. Improvement in the freight scenario is aiding performances of the Logistics and Truckload Transportation Services segments.
International Seaways has an Earnings ESP of +27.57% and is currently a #2 Ranked player. INSW will release second-quarter 2022 results on Aug 9.
International Seaways provides energy transportation services for crude oil and petroleum products. This tanker company owns and operates a fleet including ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Genco Shipping & Trading Limited (GNK - Free Report) is scheduled to report second-quarter 2022 results on Aug 4, before market opens.
The Zacks Consensus Estimate for GNK’s second-quarter 2022 earnings has been revised upward by 16.1% in the past 90 days. The company also has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, the average beat being 4.38%.
Let’s see how things are shaping up for Genco Shipping & Trading this earnings season.
Q2 Expectations
The Zacks Consensus Estimate for Genco Shipping & Trading’s second-quarter 2022 revenues is pegged at $102.83 million, indicating 21.9% growth year over year.
On the flip side, higher bunker expenses as a result of increased fuel prices and higher vessel operating expenses due to higher crew expenses might bother Genco Shipping & Trading’s bottom line.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Genco Shipping & Trading this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Genco Shipping & Trading has an Earnings ESP of 0.00% and a Zacks Rank of 3.
Stocks to Consider
Investors interested in the broader Transportation sector can consider stocks like Werner Enterprises (WERN - Free Report) and International Seaways (INSW - Free Report) , as these stocks possess the right combination of elements to beat estimates this reporting cycle.
Werner has an Earnings ESP of +1.42% and a Zacks Rank #3 at present. WERN will release second-quarter 2022 results on Aug 3.
Werner’s efforts to reward its shareholders through dividends and share buybacks are impressive. Improvement in the freight scenario is aiding performances of the Logistics and Truckload Transportation Services segments.
International Seaways has an Earnings ESP of +27.57% and is currently a #2 Ranked player. INSW will release second-quarter 2022 results on Aug 9.
International Seaways provides energy transportation services for crude oil and petroleum products. This tanker company owns and operates a fleet including ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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