Euroseas Ltd (DE:2LE1)
NASDAQ:2LE1
Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.51Last Year’s EPS
3.69Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted solid operational and financial performance (strong adjusted earnings, higher adjusted EBITDA, 100% utilization, rising TCEs, low breakeven, increased dividend and renewed buyback) and emphasized a disciplined growth path via newbuilds and selective JV activity. Key risks noted include a slight year‑over‑year decline in reported revenue and net income, higher operating costs, mark‑to‑market losses, substantial future capex needs for the expanded newbuilding program and industry‑wide delivery risk in 2027 that could pressure markets. On balance the positives (robust cash flow visibility, strong contract coverage, improved adjusted metrics, strong liquidity and NAV premium to market price) outweigh the challenges, though execution and market timing on the newbuilding program and future refinancing remain important to monitor.Company Guidance
Strong Profitability and Adjusted Earnings Growth
Net income of $32.52 million ($4.65 diluted EPS) for Q1 2026; adjusted net income $32.87 million ($4.70 diluted EPS). Adjusted EPS increased materially versus Q1 2025 (adjusted EPS Q1 2026 $4.70 diluted vs $3.76 in Q1 2025, ~+25%).
Improved Adjusted EBITDA
Adjusted EBITDA of approximately $40.9 million in Q1 2026, up from $37.1 million in Q1 2025 (~+10.2%).
High Fleet Utilization and Rising TCE Rates
Total utilization 100% in Q1 2026 (vs 99.2% a year ago). Average time charter equivalent (TCE) $30,354 per day in Q1 2026 versus $27,563 in Q1 2025 (~+10.1%), supporting revenue visibility and cash flow.
Strong Forward Contract Coverage
Voyage/day coverage: ~96% of available voyage days secured for 2026 at an average daily rate of ~$30,150; 86% of 2027 days covered at ~$31,000/day and ~50% of 2028 at ~$31,500/day (CFO presented contract coverage ~92% for 2026, >75% for 2027 and ~43% for 2028).
Shareholder Returns and Capital Allocation
Quarterly dividend increased to $0.80 per share representing a 6.7% sequential increase (from $0.75). Share repurchase program restarted/renewed: since May 2022 repurchased 480,500 shares (~6.8% of outstanding) for ~$11.4 million; buyback program renewed May 2026.
Disciplined Growth via Newbuilding Program and Strategic JV
Expanded newbuilding program to 10 vessels (total newbuilding program in excess of $500 million per management). Signed two methanol‑ready 2,800 TEU units (~$93 million aggregate) and two 1,800 TEU reefers (~$64.5 million aggregate). Entered JV with NRP for 49% interest in one intermediate containership for ~ $12.2 million (vessel delivery Q1 2028; financed with at least 60% debt).
Solid Balance Sheet and Liquidity
Cash and current assets of approximately $218 million (~$31 per share equivalent). Total debt $213.3 million with an average margin ~2% (implied total cost ~5.65% assuming SOFR 3.65%). Management estimates fleet market value ~$675 million and NAV ~ $706 million (~$100/share), implying the stock traded at ~30% discount to NAV at close.
Low Cash Flow Breakeven and Operational Efficiency
Daily cash flow breakeven improved to ~$12,347 per vessel/day in Q1 2026 (down from $13,062 prior year, ~-5.5%). Management's 12‑month cash flow breakeven estimate ~$12,760/day, well below contracted and prevailing market rates.
DE:2LE1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:2LE1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | €56.80 | €60.20 | +5.99% |
Feb 25, 2026 | €49.90 | €50.88 | +1.98% |
Nov 18, 2025 | €49.32 | €50.30 | +1.98% |
Aug 13, 2025 | €40.94 | €41.71 | +1.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Euroseas Ltd (DE:2LE1) report earnings?
Euroseas Ltd (DE:2LE1) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Euroseas Ltd (DE:2LE1) earnings time?
Euroseas Ltd (DE:2LE1) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Euroseas Ltd stock?
The P/E ratio of Euroseas is N/A.
What is DE:2LE1 EPS forecast?
DE:2LE1 EPS forecast for the fiscal quarter 2026 (Q2) is 3.51.