Genco Shipping & Trading (NYSE:GNK) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:18 PM.
Here’s what investors need to know about the announcement.
Earnings
Genco Shipping & Trading missed estimated earnings by 53.85%, reporting an EPS of $0.06 versus an estimate of $0.13.
Revenue was down $41.84 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 6.61% increase in the share price the next day.
Here’s a look at Genco Shipping & Trading’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.64 | 1.07 | 1.13 | 0.98 |
| EPS Actual | 0.67 | 1 | 1.10 | 0.97 |
| Revenue Estimate | 77.78M | 111.31M | 114.16M | 109.75M |
| Revenue Actual | 126.97M | 135.97M | 137.76M | 136.23M |
To track all earnings releases for Genco Shipping & Trading visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
