EuroDry slightly beats Q4 revenue expectations

EuroDry

19/02/2026 21:17

Overview

Greece-based drybulk operator's Q4 revenue slightly beat analyst expectations

Net income for Q4 exceeded analyst estimates

Company used $5.3 mln to repurchase shares under its buyback plan to date

Outlook

EuroDry plans to secure longer-term charters for more vessels if market rates stay strong

Company expects a balanced market over the next two years amid geopolitical uncertainties

EuroDry's liquidity increased from vessel sales and refinancing, enabling potential investments

Result Drivers

HIGHER TIME CHARTER RATES - EuroDry's Q4 revenue increase was driven by higher time charter rates compared to the same period in 2024

STRATEGIC CHARTER SHIFT - Co concluded a one-year time charter for an Ultramax vessel at $15,500/day, marking a strategic shift from market exposure to longer-term charters

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$17.40 mln
$17.33 mln (3 Analysts)
Q4 Net Income
Beat
$3.20 mln
$3.11 mln (3 Analysts)
Q4 Adjusted EBITDA
Slight Miss*
$7.50 mln
$7.52 mln (3 Analysts)
Q4 Vessel Operating Expenses
$6.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

Wall Street's median 12-month price target for EuroDry Ltd is $23.50, about 44.6% above its February 18 closing price of $16.25

Press Release: ID:nGNX4BZVjZ

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)