Euroseas/$ESEA

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About Euroseas

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes, providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.
Ticker
$ESEA
Sector
Mobility
Primary listing
NASDAQ
Employees
225
Headquarters
Marousi, Greece
Website
www.euroseas.gr

Euroseas Metrics

BasicAdvanced
$498M
3.61
$19.51
0.56
$3.05
4.54%

What the Analysts think about Euroseas

Analyst ratings (Buy, Hold, Sell) for Euroseas stock.
Analyst projections of the future price of Euroseas stock.

Bulls say / Bears say

Euroseas produced $33.2 million of Q2 2026 net income and $40.1 million of adjusted EBITDA, despite operating one fewer vessel than a year earlier. Utilisation was effectively full and the average time-charter equivalent rate rose to $30,306 a day. (Markets Insider, Container News)
The company has locked in about 96% of available days for the rest of 2026 and 81% for 2027, at average contracted rates of roughly $30,900 and $31,700 a day. This gives earnings substantial near-term visibility even if spot charter rates weaken. (Market Chameleon, Channelchek)
Euroseas is expanding from 21 vessels to 33 through a 12-ship feeder and intermediate newbuilding programme, with deliveries scheduled from late 2027 to early 2029. The company says these smaller segments have relatively low orderbooks and older fleets, while four newbuildings already have multi-year employment at about $35,500 a day. (GlobeNewswire, Container News)
The current earnings strength is partly supported by Red Sea disruption and longer sailing routes. If carriers return to the Suez Canal, those inefficiencies could unwind, while management expects greater supply-related risk in 2027 as vessel deliveries increase. (Markets Insider, Transcript Daily)
The 12-vessel newbuilding programme is a large capital commitment for a company of Euroseas’s size, with an estimated $560 million total cost and around 60% expected to be debt-funded. Management still expects roughly $156 million of additional equity contributions, creating dilution and funding risk if rates fall before the ships earn revenue. (Simply Wall St, Scanx)
Revenue fell 1.3% year on year in Q2 even though higher charter rates lifted profit, and the operating fleet averaged 21 vessels with an average age of about 13 years. That leaves the company exposed to maintenance and residual-value pressure if the container cycle cools, especially while it continues to pay dividends and buy back shares. (Simply Wall St, Container News)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.

Euroseas Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Euroseas Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Euroseas News

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Euroseas Q2 Earnings Call Highlights

MarketBeat2 months ago
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