Shipping company Euroseas' Q2 revenue falls 2.5% on lower rates, but beats estimates
Overview
Euroseas Q2 2025 net revenue falls 2.5% to $57.2 mln
Adjusted EBITDA for Q2 2025 was $39.3 mln, down from $42.3 mln in Q2 2024
Co repurchased 463,074 shares for $10.5 mln under $20 mln buyback plan
Outlook
Euroseas expects continued profitability with 90% charter coverage next 12 months
Company anticipates rate pressures post-2026 due to fleet supply growth
Euroseas sees advantage in feeder segment due to low orderbook and aged fleet
Result Drivers
CHARTER RATES - Lower time charter rates in Q2 2025 compared to Q2 2024 impacted net revenues, per CFO Tasos Aslidis
VESSEL COUNT - Increase in the number of vessels operated helped offset some revenue decline, according to the company
MARKET CONDITIONS - Strong containership market, especially in the feeder sector, supported profitability, per CEO Aristides Pittas
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $57.20 mln | $53.30 mln (2 Analysts) |
Q2 Adjusted Net Income | Beat | $29.20 mln | $24.20 mln (1 Analyst) |
Q2 Net Income |
| $29.90 mln |
|
Q2 Adjusted EBITDA | Beat | $39.30 mln | $34.60 mln (2 Analysts) |
Q2 Dividend |
| $0.7 |
|
Q2 Vessel Operating Expenses |
| $11.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy"
Wall Street's median 12-month price target for Euroseas Ltd is $60.00, about 14.5% above its August 12 closing price of $51.33
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 2 three months ago
Press Release: ID:nGNX6cr3Vy
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