What is Noble Financial’s Estimate for EuroDry Q3 Earnings?

EuroDry Ltd. (NASDAQ:EDRY) – Research analysts at Noble Financial cut their Q3 2025 earnings per share estimates for shares of EuroDry in a research note issued on Wednesday, October 23rd. Noble Financial analyst M. Reichman now expects that the company will post earnings per share of $1.49 for the quarter, down from their prior estimate of $1.58. Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for EuroDry’s current full-year earnings is ($0.65) per share. Noble Financial also issued estimates for EuroDry’s Q4 2025 earnings at $1.51 EPS.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.75). The company had revenue of $17.44 million during the quarter, compared to the consensus estimate of $17.89 million. EuroDry had a negative net margin of 4.11% and a negative return on equity of 2.08%.

EuroDry Stock Performance

EDRY opened at $18.92 on Thursday. The firm has a market capitalization of $53.67 million, a P/E ratio of -16.60 and a beta of 0.78. The stock’s 50 day moving average price is $20.17 and its two-hundred day moving average price is $21.32. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. EuroDry has a 12-month low of $14.46 and a 12-month high of $24.84.

Institutional Trading of EuroDry

A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC raised its holdings in EuroDry Ltd. (NASDAQ:EDRY) by 9.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,570 shares of the company’s stock after buying an additional 1,944 shares during the quarter. Linden Thomas Advisory Services LLC owned 0.76% of EuroDry worth $530,000 at the end of the most recent quarter. 2.44% of the stock is owned by institutional investors and hedge funds.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.