Noble Financial Has Positive Outlook of EuroDry Q1 Earnings

EuroDry (NASDAQ:EDRY) – Investment analysts at Noble Financial upped their Q1 2026 earnings per share (EPS) estimates for EuroDry in a research note issued to investors on Monday, February 23rd. Noble Financial analyst M. Reichman now forecasts that the company will post earnings per share of $0.24 for the quarter, up from their prior estimate of $0.22. Noble Financial currently 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 Q2 2026 earnings at $1.13 EPS and FY2026 earnings at $2.98 EPS.

Several other brokerages also recently issued reports on EDRY. Weiss Ratings reiterated a “sell (d-)” rating on shares of EuroDry in a research report on Thursday, January 22nd. Zacks Research raised shares of EuroDry from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

EuroDry Stock Performance

NASDAQ EDRY opened at $20.36 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. EuroDry has a 1-year low of $7.60 and a 1-year high of $21.57. The company has a 50 day moving average of $13.90 and a 200-day moving average of $12.84.

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

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.