Euroseas (ESEA) is an ocean shipping services company with worldwide operations. The maritime shipping company has a fleet of 16 vessels that transport dry-bulk and refrigerated cargoes. I am bullish on the stock. Earnings Review Euroseas beat its fourth-quarter revenue target by $844k, showing significant strength across the board as it has for most of the past few years. A solid coverage rate (contracted days) of 98.5% is what bolstered the firm's performance during 2021, as EBITDA reached $52.7 million. Euroseas' management expects its convergence rate to drop to 92% in 2022; however, its EBITDA is expected to more than double to $113.1 in the year ahead.
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Euroseas (NASDAQ:ESEA)
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Euroseas (NASDAQ:ESEA)
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