The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Safe Bulkers' revenues will grow 6.0% and EPS will compress 13.9%.
The average estimate for revenue is $43.6 million. On the bottom line, the average EPS estimate is $0.31.
Last quarter, Safe Bulkers notched revenue of $44.1 million. GAAP reported sales were 4.3% higher than the prior-year quarter's $42.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.32. GAAP EPS of $0.30 for Q1 were 27% lower than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 78.7%, 760 basis points worse than the prior-year quarter. Operating margin was 56.7%, 1,200 basis points worse than the prior-year quarter. Net margin was 49.0%, 1,560 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $185.6 million. The average EPS estimate is $1.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 239 members out of 258 rating the stock outperform, and 19 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Safe Bulkers a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Safe Bulkers is outperform, with an average price target of $8.40.
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