What is Noble Financial’s Estimate for EuroDry Q3 Earnings?

EuroDry (NASDAQ:EDRY) – Research analysts at Noble Financial cut their Q3 2026 earnings per share (EPS) estimates for EuroDry in a report released on Monday, February 23rd. Noble Financial analyst M. Reichman now expects that the company will post earnings of $0.74 per share for the quarter, down from their prior estimate of $0.88. Noble Financial has a “Outperform” rating and a $23.50 price objective on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.84) per share. Noble Financial also issued estimates for EuroDry’s Q4 2026 earnings at $0.87 EPS.

EuroDry (NASDAQ:EDRY) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.09. EuroDry had a negative return on equity of 6.83% and a negative net margin of 8.16%.The business had revenue of $17.39 million during the quarter, compared to the consensus estimate of $17.77 million.

EDRY has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of EuroDry in a research report on Thursday, January 22nd. Zacks Research upgraded EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

EuroDry Price Performance

NASDAQ:EDRY opened at $20.90 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.21 and a current ratio of 1.53. The firm has a 50-day moving average price of $14.05 and a two-hundred day moving average price of $12.90. EuroDry has a twelve month low of $7.60 and a twelve month high of $21.57.

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.