What is Noble Financial’s Forecast for EuroDry Q4 Earnings?

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of EuroDry in a research note 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.50.

EuroDry Price Performance

EDRY stock opened at $13.64 on Friday. The business has a fifty day moving average price of $13.33 and a 200 day moving average price of $12.45. EuroDry has a fifty-two week low of $7.60 and a fifty-two week high of $16.14. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.86.

EuroDry (NASDAQ:EDRY) last announced its 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 business had revenue of $14.39 million during the quarter, compared to analyst estimates of $14.56 million. EuroDry had a negative return on equity of 9.87% and a negative net margin of 21.73%.

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.