Equities Analysts Offer Predictions for EuroDry Q4 Earnings

Key Points

• Noble Financial raised EuroDry’s Q4 2026 EPS forecast to $1.51 from $1.40, while full-year analyst consensus stands at $4.27 per share.
• EuroDry reported quarterly EPS of $2.44, beating estimates of $1.23 by $1.21, though revenue of $17.70 million came in slightly below the $17.86 million consensus.
• Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and a $23.50 price target; the stock recently opened at $34.72, near its 52-week high of $34.80.

EuroDry (NASDAQ:EDRY - Free Report) - Analysts at Noble Financial upped their Q4 2026 earnings estimates for shares of EuroDry in a report issued on Friday, August 7th. Noble Financial analyst M. Reichman now expects that the company will post earnings per share of $1.51 for the quarter, up from their previous forecast of $1.40. The consensus estimate for EuroDry's current full-year earnings is $4.27 per share.

EDRY has been the subject of several other research reports. Zacks Research raised EuroDry from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Wall Street Zen raised EuroDry from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 3rd. Weiss Ratings cut EuroDry from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, May 26th. Finally, Alliance Global Partners restated a "buy" rating on shares of EuroDry in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.50.

EuroDry Price Performance

NASDAQ EDRY opened at $34.72 on Monday. EuroDry has a twelve month low of $10.02 and a twelve month high of $34.80. The stock has a market cap of $100.34 million, a PE ratio of 10.49 and a beta of 0.68. The firm has a 50-day simple moving average of $23.60 and a 200 day simple moving average of $20.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.28.

EuroDry (NASDAQ:EDRY - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $1.21. The business had revenue of $17.70 million during the quarter, compared to analyst estimates of $17.86 million. EuroDry had a net margin of 15.02% and a return on equity of 8.77%.

Institutional Trading of EuroDry

An institutional investor recently bought a new stake in EuroDry stock. BlackRock Inc. purchased a new position in EuroDry (NASDAQ:EDRY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,135 shares of the company's stock, valued at approximately $47,000. BlackRock Inc. owned approximately 0.07% of EuroDry as of its most recent SEC filing. 2.44% of the stock is owned by institutional investors.

EuroDry Company Profile

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry's operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source