• Genco Shipping & Trading Ltd GNK.N reported a quarterly adjusted loss of 28 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of eight analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -30 cents to -21 cents per share.

• Revenue fell 39.3% to $71.27 million from a year ago; analysts expected $66.05 million.

• Genco Shipping & Trading Ltd's reported EPS for the quarter was a loss of 28 cents​.

• The company reported a quarterly loss of $11.92 million.

• Genco Shipping & Trading Ltd shares had risen by 0.7% this quarter and lost 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 249.1% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the marine freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for Genco Shipping & Trading Ltd is $17.00

This summary was machine generated from LSEG data May 8 at 10:11 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)