Safe Bulkers (NYSE:SB) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Safe Bulkers missed estimated earnings by 37.5%, reporting an EPS of $0.1 versus an estimate of $0.16.
Revenue was down $10.90 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 1.83% drop in the share price the next day.
Here’s a look at Safe Bulkers’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.25 | 0.30 | 0.31 | 0.28 |
| EPS Actual | 0.29 | 0.39 | 0.40 | 0.24 |
| Revenue Estimate | 77.15M | 84.33M | 87.34M | 73.65M |
| Revenue Actual | 86.66M | 93.71M | 91.60M | 77.75M |
To track all earnings releases for Safe Bulkers visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
