Genco Shipping & Trading Full Year 2023 Earnings: EPS Misses Expectations
Genco Shipping & Trading (NYSE:GNK) Full Year 2023 Results
Key Financial Results
Revenue: US$383.8m (down 28% from FY 2022).
Net loss: US$12.9m (down by 108% from US$158.6m profit in FY 2022).
US$0.30 loss per share (down from US$3.74 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genco Shipping & Trading EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to decline by 10% 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 10% from a week ago.
Risk Analysis
Be aware that Genco Shipping & Trading is showing 1 warning sign in our investment analysis that you should know about...
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