Overview
EuroDry Q3 2025 rev of $14.4 mln beats analyst expectations
Net loss of $0.7 mln beats analyst estimates for Q3 2025
Adjusted EBITDA of $4.1 mln for Q3 2025 exceeds analyst expectations
Outlook
EuroDry expects improved drybulk market conditions to reflect in Q4 results
Company plans fleet renewal and expansion in 2026 despite uncertainties
EuroDry increases liquidity by $15 mln through refinancing and vessel sales
Result Drivers
MARKET CONDITIONS - Drybulk market improved but results did not reflect this due to earlier finalized charters at lower rates
LIQUIDITY IMPROVEMENT - Co improved liquidity by refinancing ships and selling older vessels, increasing liquidity by $15 mln
VESSEL OPERATING EXPENSES - Operating expenses decreased due to fewer vessels, but increased per vessel due to dollar depreciation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $14.40 mln | $13.50 mln (3 Analysts) |
Q3 EPS | -$0.24 | ||
Q3 Net Income | Beat | -$700,000 | -$2.34 mln (3 Analysts) |
Q3 Adjusted EBITDA | Beat | $4.10 mln | $2.69 mln (3 Analysts) |
Q3 Vessel Operating Expenses | $5.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy"
Wall Street's median 12-month price target for EuroDry Ltd is $20.00, about 32.5% above its November 12 closing price of $13.50
Press Release: ID:nGNX2TSKFF
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)