Safe Bulkers (NYSE: SB ) is expected to report Q3 earnings around Oct. 15. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Safe Bulkers's revenues will grow 7.7% and EPS will drop -18.9%.
The average estimate for revenue is $45.8 million. On the bottom line, the average EPS estimate is $0.30.
Last quarter, Safe Bulkers recorded revenue of $47.0 million. GAAP reported sales were 14% higher than the prior-year quarter's $41.2 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 $0.31. GAAP EPS of $0.28 for Q2 were 3.7% higher than the prior-year quarter's $0.27 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 77.4%, 490 basis points worse than the prior-year quarter. Operating margin was 55.3%, 860 basis points worse than the prior-year quarter. Net margin was 45.8%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $183.8 million. The average EPS estimate is $1.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 245 members out of 262 rating the stock outperform, and 17 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give Safe Bulkers a green thumbs-up, and five 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 $8.13.
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