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Euroseas Ltd. (ESEA) Outpaces Stock Market Gains: What You Should Know
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Euroseas Ltd. (ESEA - Free Report) closed at $30.96 in the latest trading session, marking a +1.67% move from the prior day. This move outpaced the S&P 500's daily gain of 0.3%.
Prior to today's trading, shares of the company had lost 18.91% over the past month. This has lagged the Transportation sector's gain of 4.71% and the S&P 500's gain of 4.28% in that time.
ESEA will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.52, up 684.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $24.42 million, up 89.6% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.30 per share and revenue of $95.54 million, which would represent changes of +986.21% and +71.58%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ESEA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ESEA is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, ESEA currently has a Forward P/E ratio of 4.83. Its industry sports an average Forward P/E of 4.78, so we one might conclude that ESEA is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Euroseas Ltd. (ESEA) Outpaces Stock Market Gains: What You Should Know
Euroseas Ltd. (ESEA - Free Report) closed at $30.96 in the latest trading session, marking a +1.67% move from the prior day. This move outpaced the S&P 500's daily gain of 0.3%.
Prior to today's trading, shares of the company had lost 18.91% over the past month. This has lagged the Transportation sector's gain of 4.71% and the S&P 500's gain of 4.28% in that time.
ESEA will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.52, up 684.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $24.42 million, up 89.6% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.30 per share and revenue of $95.54 million, which would represent changes of +986.21% and +71.58%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ESEA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ESEA is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, ESEA currently has a Forward P/E ratio of 4.83. Its industry sports an average Forward P/E of 4.78, so we one might conclude that ESEA is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.