Euroseas Ltd. Reports Results for the Year and Quarter Ended December 31, 2018

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Euroseas Ltd. (ESEA) Misses Q4 EPS by 13c, Revenues Miss

February 20, 2019 9:02 AM EST

Euroseas Ltd. (NASDAQ: ESEA) reported Q4 EPS of ($0.07), $0.13 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $8.02 million versus the consensus estimate of $12.49 million.

The containership market is still facing modest supply growth due to an orderbook-to-fleet ratio at historically low levels and additional vessel down-time required for installing required equipment for implementation of emissions and water ballast treatment regulations. Thus, any solution of the trade wars issues between the US and primarily China may lead to a... More