Genco Shipping & Trading (NYSE:GNK) First Quarter 2025 Results
Key Financial Results
- Revenue: US$71.3m (down 39% from 1Q 2024).
- Net loss: US$11.9m (down by 163% from US$18.8m profit in 1Q 2024).
- US$0.28 loss per share (down from US$0.44 profit in 1Q 2024).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genco Shipping & Trading Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%.
Looking ahead, revenue is forecast to decline by 14% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.
Performance of the American Shipping industry.
The company's shares are up 4.5% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Genco Shipping & Trading (1 can't be ignored!) that you should be aware of before investing here.
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