Noble Financial Has Bullish Forecast for EuroDry Q3 Earnings

EuroDry (NASDAQ:EDRY) – Equities researchers at Noble Financial increased their Q3 2026 earnings per share (EPS) estimates for shares of EuroDry in a note issued to investors on Thursday, July 30th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $1.29 per share for the quarter, up from their previous estimate of $1.22. The consensus estimate for EuroDry’s current full-year earnings is $3.87 per share. Noble Financial also issued estimates for EuroDry’s Q4 2026 earnings at $1.40 EPS and FY2026 earnings at $4.27 EPS.

Other research analysts have also issued research reports about the stock. Wall Street Zen raised shares of EuroDry from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 3rd. Zacks Research upgraded shares of EuroDry from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings cut shares of EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

EuroDry Stock Up 5.0%

Shares of NASDAQ:EDRY opened at $25.51 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.61 and a quick ratio of 1.55. The firm has a market capitalization of $73.75 million, a PE ratio of -196.23 and a beta of 0.69. The firm’s 50-day moving average is $23.01 and its two-hundred day moving average is $19.98. EuroDry has a 1 year low of $10.00 and a 1 year high of $28.00.

EuroDry (NASDAQ:EDRY) last announced its earnings results on Wednesday, May 20th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). EuroDry had a negative net margin of 0.55% and a negative return on equity of 0.88%. The firm had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $15.62 million.

Institutional Investors Weigh In On EuroDry

An institutional investor recently raised its stake in EuroDry stock. Renaissance Technologies LLC grew its stake in EuroDry (NASDAQ:EDRY) by 53.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 60,347 shares of the company’s stock after buying an additional 21,047 shares during the quarter. Renaissance Technologies LLC owned 2.09% of EuroDry worth $1,189,000 as of its most recent filing with the SEC. 2.44% of the stock is owned by hedge funds and other institutional investors.

About EuroDry

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.