Seanergy Maritime Holdings Full Year 2023 Earnings: Beats Expectations
Seanergy Maritime Holdings (NASDAQ:SHIP) Full Year 2023 Results
Key Financial Results
Revenue: US$110.2m (down 12% from FY 2022).
Net income: US$2.28m (down 87% from FY 2022).
Profit margin: 2.1% (down from 14% in FY 2022).
EPS: US$0.12 (down from US$0.97 in FY 2022).
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 3.6%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 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 3.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Seanergy Maritime Holdings has 4 warning signs (and 1 which is concerning) we think you should know about.
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