Genco Shipping & Trading (NYSE: GNK) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Genco Shipping & Trading missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to a loss.

Margins dropped across the board.

Revenue details
 Genco Shipping & Trading booked revenue of $59.8 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $65.7 million on the same basis. GAAP reported sales were 41% lower than the prior-year quarter's $101.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at -$0.87. The nine earnings estimates compiled by S&P Capital IQ predicted -$0.74 per share. GAAP EPS were -$0.87 for Q1 compared to $0.38 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 51.1%, 2,350 basis points worse than the prior-year quarter. Operating margin was -20.9%, 5,420 basis points worse than the prior-year quarter. Net margin was -55.3%, 6,850 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $74.6 million. On the bottom line, the average EPS estimate is -$0.53.

Next year's average estimate for revenue is $279.4 million. The average EPS estimate is -$2.37.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Genco Shipping & Trading is underperform, with an average price target of $4.78.

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