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Stock impact report

Downgrade: Here's How Analysts See EuroDry Ltd. (NASDAQ:EDRY) Performing In The Near Term [Yahoo! Finance]

EuroDry Ltd. - Common Shares (EDRY) 
Last eurodry ltd. - common shares earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
NASDAQ:EDRY ) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. After the downgrade, the consensus from EuroDry's twin analysts is for revenues of US$47m in 2023, which would reflect a considerable 11% decline in sales compared to the last year of performance. Following this this downgrade, earnings are now expected to tip over into loss-making territory, with the analysts forecasting losses of US$2.45 per share in 2023. Prior to this update, the analysts had been forecasting revenues of US$62m and earnings per share (EPS) of US$1.31 in 2023. There looks to have been a major change in sentiment regarding EuroDry's prospects, with a pretty serious reduction to revenues and the analysts now forecasting a loss instead of a pro Show less Read more
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