What is Noble Financial’s Estimate for EuroDry Q4 Earnings?

EuroDry (NASDAQ:EDRY) – Analysts at Noble Financial lifted their Q4 2026 earnings per share estimates for EuroDry in a research report issued to clients and investors on Thursday, February 12th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $0.69 per share for the quarter, up from their prior estimate of $0.65. Noble Financial currently has a “Outperform” rating and a $23.50 target price on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.84) per share.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of EuroDry in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

EuroDry Price Performance

NASDAQ:EDRY opened at $13.64 on Friday. The company has a 50-day moving average of $13.33 and a 200-day moving average of $12.45. EuroDry has a 52 week low of $7.60 and a 52 week high of $16.14. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.86.

EuroDry (NASDAQ:EDRY) last issued its earnings results on Friday, November 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The firm had revenue of $14.39 million during the quarter, compared to the consensus estimate of $14.56 million. EuroDry had a negative return on equity of 9.87% and a negative net margin of 21.73%.

EuroDry Company Profile

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.