Eagle Bulk Shipping Q4 Earnings Preview

On Monday, Eagle Bulk Shipping Inc. - Common Stock EGLE will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Based on management's projections, Eagle Bulk Shipping analysts modeled for a loss of 2 cents per share on sales of $59.7 million.

In the same quarter last year, Eagle Bulk Shipping announced an EPS loss of 41 cents on revenue of $41.8 million. If the company were to match the consensus estimate when it reports Monday, sales would be up 42.73 percent from the year-ago period.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are down 7.98 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Eagle Bulk Shipping stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.