Genco Shipping & Trading Limited (NYSE:GNK) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, GNK to report 3Q20 income of $ 0.05 per share.
For the full year, analysts anticipate top line of $ 199.02 million, while looking forward to loss of $ 0.11 per share bottom line.
Previous Quarter Performance
Genco Shipping & Trading Limited unveiled loss for the second quarter of $ 0.43 per share, from the revenue of $ 74.21 million. Wall street analysts are predicting, loss of $ 0.53 per share. The bottom line results beat street analysts by $ 0.1 or 18.87 percent.
Stock Performance
Shares of Genco Shipping & Trading Limited traded up $ 0.00 or 0.00 percent on Tuesday, reaching $ 6.54 with volume of 115.90 thousand shares. Genco Shipping & Trading Limited has traded high as $ 6.73 and has cracked $ 6.45 on the downward trend
According to the previous trading day, closing price of $ 6.54, representing a 53.16 % increase from the 52 week low of $ 4.27 and a 44.67 % decrease over the 52 week high of $ 11.82.
The company has a market capital of $ 273.38 million and is part of the Industrials sector and Shipping & Ports industry.
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.
