Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2021

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Go back to Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2021

Euroseas Ltd. (ESEA) Tops Q1 EPS by 12c, Revenues Miss

May 25, 2021 4:19 PM EDT

Euroseas Ltd. (NASDAQ: ESEA) reported Q1 EPS of $0.53, $0.12 better than the analyst estimate of $0.41. Revenue for the quarter came in at $14.31 million versus the consensus estimate of $14.65 million.

First Quarter 2021 Financial Highlights:

Total net revenues of $14.3 million. Net income of $3.8 million; net income attributable to common shareholders (after a $0.1 million of dividend on Series B Preferred Shares and a $0.1 million of preferred deemed dividend arising out of the redemption of approximately $2 million of Series B Preferred Shares in the first quarter of 2021) of $3.6 million or $0.53 per share basic and diluted. Adjusted... More