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Eagle Bulk Shipping Inc. (NASDAQ:EGLE ) Q2 2022 Earnings Conference Call August 5, 2022 8:00 AM ET Company Participants Gary Vogel - Chief Executive Officer Frank De Costanzo - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Poe Fratt - Alliance Global Partners Operator Good day, and thank you for standing by. Welcome to the Eagle Bulk Shipping Second Quarter Earnings Call.
Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of 19.42% and 15.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Eagle Bulk Shipping's (EGLE) second-quarter 2022 earnings and revenues are expected to have increased year over year.
Eagle is a highly profitable shipping company with a current yield of c.13%. Although there are headwinds ahead, we think charter rates should remain elevated for an extended period of time, allowing investors to capitalize.
Recently, Zacks.com users have been paying close attention to Eagle Bulk Shipping (EGLE). This makes it worthwhile to examine what the stock has in store.
STAMFORD, Conn., July 06, 2022 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE), one of the world's largest owner-operators within the midsize drybulk segment, announced today that it will report its financial results for the second quarter ending June 30, 2022, after the close of stock market trading on August 4, 2022. Members of Eagle Bulk's senior management team will host a call at 8:00 a.m. ET on Friday, August 5, 2022 in order to discuss company results and provide an update on market fundamentals.
Here is how Eagle Bulk Shipping (EGLE) and USA Truck (USAK) have performed compared to their sector so far this year.
Friday will “Hereby [be] known in #shipping as ‘Bloody Friday,' ” J Mintzmyer, head of research at Value Investor's Edge, tweeted. Stock prices for shipping giants such as Zim Integrated Shipping Services (NYSE: ZIM), Genco Shipping (NYSE: GNK) and Eagle Bulk Shipping (NASDAQ: EGLE) experienced major drops Friday.
NMM, WFG, and EGLE made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 24, 2022.
The heavy selling pressure might have exhausted for Eagle Bulk Shipping (EGLE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.