Seanergy Maritime Holdings (NASDAQ:SHIP) Third Quarter 2022 Results
Key Financial Results
Revenue: US$34.0m (down 30% from 3Q 2021).
Net income: US$7.14m (down 64% from 3Q 2021).
Profit margin: 21% (down from 42% in 3Q 2021). The decrease in margin was driven by lower revenue.
EPS: US$0.041 (down from US$0.12 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Seanergy Maritime Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.5% decline forecast for the Shipping industry in the US.
The company's share price is broadly unchanged from a week ago.
Be aware that Seanergy Maritime Holdings is showing 5 warning signs in our investment analysis and 1 of those is a bit unpleasant...
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