Safe Bulkers (NYSE: SB ) is expected to report Q4 earnings around Feb. 4. 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 8.2% and EPS will drop -14.7%.
The average estimate for revenue is $46.4 million. On the bottom line, the average EPS estimate is $0.29.
Last quarter, Safe Bulkers logged revenue of $46.8 million. GAAP reported sales were 10% higher than the prior-year quarter's $42.5 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 $0.30. GAAP EPS of $0.27 for Q3 were 3.6% lower than the prior-year quarter's $0.28 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%, 650 basis points worse than the prior-year quarter. Operating margin was 54.6%, 1,060 basis points worse than the prior-year quarter. Net margin was 44.3%, 220 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $181.7 million. The average EPS estimate is $1.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 257 members out of 274 rating the stock outperform, and 17 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Safe Bulkers a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Safe Bulkers is hold, with an average price target of $7.57.
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