The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Safe Bulkers's revenues will decrease -7.2% and EPS will wane -37.5%.
The average estimate for revenue is $40.9 million. On the bottom line, the average EPS estimate is $0.20.
Last quarter, Safe Bulkers booked revenue of $46.4 million. GAAP reported sales were 7.9% higher than the prior-year quarter's $42.9 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 $0.27. GAAP EPS of $0.42 for Q4 were 27% higher than the prior-year quarter's $0.33 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 76.5%, 500 basis points worse than the prior-year quarter. Operating margin was 51.0%, 870 basis points worse than the prior-year quarter. Net margin was 69.6%, much better than the prior-year quarter.
The full year's average estimate for revenue is $159.4 million. The average EPS estimate is $0.66.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 254 members out of 271 rating the stock outperform, and 17 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 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 outperform, with an average price target of $4.74.
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