Q4 Earnings Forecast for EuroDry Issued By Noble Financial

EuroDry (NASDAQ:EDRY) – Investment analysts at Noble Financial raised their Q4 2026 earnings per share estimates for EuroDry in a report issued on Thursday, February 12th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings of $0.69 per share for the quarter, up from their prior estimate of $0.65. Noble Financial currently has a “Outperform” rating and a $23.50 price target on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.84) per share.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The company had revenue of $14.39 million for the quarter, compared to analyst estimates of $14.56 million. EuroDry had a negative net margin of 21.73% and a negative return on equity of 9.87%.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EuroDry in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, EuroDry has an average rating of “Hold” and an average price target of $23.50.

EuroDry Stock Performance

Shares of EuroDry stock opened at $14.23 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.21 and a debt-to-equity ratio of 0.86. EuroDry has a 12-month low of $7.60 and a 12-month high of $16.14. The business’s 50 day moving average is $13.35 and its 200-day moving average is $12.48.

About EuroDry

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.