Genco Shipping & Trading Ltd (GNK, Financial) is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is $104.79 million, and the earnings are expected to come in at $0.43 per share. The full year 2024's revenue is expected to be $440.83 million and the earnings are expected to be $2.02 per share. More detailed estimate data can be found on the Forecast page.
Genco Shipping & Trading Ltd (GNK, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Genco Shipping & Trading Ltd (GNK) for the full year 2024 have increased from $407.85 million to $440.83 million, and for 2025 from $402.31 million to $414.75 million. Conversely, earnings estimates have declined for the full year 2024 from $2.13 per share to $2.02 per share, and for 2025 from $2.08 per share to $1.81 per share.
Genco Shipping & Trading Ltd (GNK, Financial) Reported History
In the previous quarter of 2024-06-30, Genco Shipping & Trading Ltd's (GNK) actual revenue was $107.05 million, which beat analysts' revenue expectations of $93.59 million by 14.38%. Genco Shipping & Trading Ltd's (GNK) actual earnings were $0.54 per share, which beat analysts' earnings expectations of $0.525 per share by 2.86%. After releasing the results, Genco Shipping & Trading Ltd (GNK) was down by -2.46% in one day.
Genco Shipping & Trading Ltd (GNK, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 8 analysts, the average target price for Genco Shipping & Trading Ltd (GNK) is $23.35 with a high estimate of $30 and a low estimate of $17. The average target implies an upside of 45.85% from the current price of $16.01.
Based on GuruFocus estimates, the estimated GF Value for Genco Shipping & Trading Ltd (GNK, Financial) in one year is $13.87, suggesting a downside of -13.37% from the current price of $16.01.
Based on the consensus recommendation from 10 brokerage firms, Genco Shipping & Trading Ltd's (GNK, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
