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Safe Bulkers: Q2 Earnings Insights

Safe Bulkers (NYSE:SB) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Safe Bulkers beat estimated earnings by 29.03%, reporting an EPS of $0.4 versus an estimate...

Benzinga · 07/27/2022 17:59

Safe Bulkers (NYSE:SB) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Safe Bulkers beat estimated earnings by 29.03%, reporting an EPS of $0.4 versus an estimate of $0.31.

Revenue was up $10.02 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.04 which was followed by a 3.39% drop in the share price the next day.

Here's a look at Safe Bulkers's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.28 0.39 0.39 0.20
EPS Actual 0.24 0.39 0.40 0.31
Revenue Estimate 73.65M 91.56M 87.01M 67.96M
Revenue Actual 77.75M 92.44M 92.49M 81.58M

To track all earnings releases for Safe Bulkers VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.