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Benzinga

Recap: Eneti Q1 Earnings

 

Eneti (NYSE:NETI) reported its Q1 earnings results on Thursday, May 12, 2022 at 07:59 AM.

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

Earnings

Eneti missed estimated earnings by 2.78%, reporting an EPS of $-0.37 versus an estimate of $-0.36.

Revenue was down $37.39 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.73 which was followed by a 10.59% drop in the share price the next day.

Here's a look at Eneti's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.21 0.48 0.21 -0.14
EPS Actual -0.94 -0.56 0.90 2.75
Revenue Estimate 28.21M 28.51M 24.30M 28.68M
Revenue Actual 16.52M 34.36M 37.65M 59.83M

To track all earnings releases for Eneti visit their earnings calendar here.

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