Genco Shipping & Trading: first quarter earnings overview

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Genco Shipping and Trade GNK announced its first quarter results on Wednesday, May 4, 2022 at 4:00 p.m.

Here’s what investors need to know about the announcement.

Earnings

Genco Shipping & Trading missed earnings estimates by 1.02%, recording EPS of $0.97 versus an estimate of $0.98.

Revenue increased by $48.64 million compared to the same period last year.

Past Earnings Performance

Last quarter, the company beat EPS by $0.05, followed by a 5.91% share price increase the next day.

Here is an overview of past performance of Genco Shipping & Trading:








Trimester Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS estimate 1.94 1.41 0.72 0.02
Actual EPS 1.99 1.44 0.75 0.06
Revenue estimate 143.71M 127.02M 102.28M 51.64M
Actual turnover 183.28M 155.25M 121.01M 87.59M

To keep track of all revenue releases for Genco Shipping & Trading, visit their revenue calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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