Seanergy Maritime Holdings Corp Up 0.85% To $0.52 After Earnings

Seanergy Maritime Holdings Corp (SHIP) said after close Wednesday that it earned $0.04 per share in quarter three 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $34 million, beating estimates by $5.5 million.

In the same quarter a year ago, the company earned $0.1 per share on revenue of $48.2 million.

The stock is up 0.85% to $0.52 after the report.

Seanergy Maritime Holdings Corp's profit margins took a hit as earnings fell at a faster pace than revenues.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Seanergy Maritime Holdings Corp has performed a little below average during the past few months. Before the report, Seanergy Maritime Holdings Corp received a Long-Term Technical Rank by InvestorsObserver of 29, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $0.44 on October 31, 2022 and set a 52-week high on March 10, 2022 at $1.35.

Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It generates a majority of its revenue from the vessels. The company fleet of vessels includes Fellowship, Championship, Partnership, Knightship, Lordship, Gloriuship, Leadership, Geniuship, Premiership, and Squireship among others.