Noble Financial Has Bearish Estimate for EuroDry Q3 Earnings

EuroDry (NASDAQ:EDRY) – Investment analysts at Noble Financial reduced their Q3 2026 earnings per share (EPS) estimates for shares of EuroDry in a report released on Monday, February 23rd. Noble Financial analyst M. Reichman now forecasts that the company will earn $0.74 per share for the quarter, down from their previous forecast of $0.88. Noble Financial has a “Outperform” rating and a $23.50 price objective on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.84) per share. Noble Financial also issued estimates for EuroDry’s Q4 2026 earnings at $0.87 EPS.

EuroDry (NASDAQ:EDRY) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. EuroDry had a negative net margin of 8.16% and a negative return on equity of 6.83%. The firm had revenue of $17.39 million during the quarter, compared to the consensus estimate of $17.77 million.

Several other equities analysts also recently weighed in on EDRY. Weiss Ratings restated a “sell (d-)” rating on shares of EuroDry in a report on Thursday, January 22nd. Zacks Research raised shares of EuroDry from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

EuroDry Price Performance

EDRY stock opened at $20.36 on Wednesday. The firm has a 50 day moving average of $13.90 and a 200-day moving average of $12.84. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.89. EuroDry has a 12-month low of $7.60 and a 12-month high of $21.57.

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.