Noble Financial Brokers Lower Earnings Estimates for EuroDry

EuroDry (NASDAQ:EDRY) – Research analysts at Noble Financial dropped their Q3 2026 earnings estimates for shares of EuroDry in a report issued on Monday, February 23rd. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of $0.74 for the quarter, down from their prior forecast of $0.88. Noble Financial currently has a “Outperform” rating and a $23.50 target price on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($2.84) per share. Noble Financial also issued estimates for EuroDry’s Q4 2026 earnings at $0.87 EPS.

Several other analysts have also issued reports on EDRY. Zacks Research upgraded shares of EuroDry from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of EuroDry in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.50.

EuroDry Trading Up 2.6%

Shares of EuroDry stock opened at $20.36 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. EuroDry has a 52 week low of $7.60 and a 52 week high of $21.57. The business’s fifty day simple moving average is $13.90 and its 200-day simple moving average is $12.84.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. The company had revenue of $17.39 million during the quarter, compared to analyst estimates of $17.77 million. EuroDry had a negative return on equity of 6.83% and a negative net margin of 8.16%.

About EuroDry

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.