Genco Shipping/$GNK

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About Genco Shipping

Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, with two reportable segment: Major and Minor bulk fleet. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters. oyage revenues also include the sale of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.

Ticker

$GNK

Primary listing

NYSE

Industry

Marine Transportation

Employees

1,037

ISIN

MHY2685T1313

Genco Shipping Metrics

BasicAdvanced
$566M
12.59
$1.05
1.15
$1.19
4.56%

What the Analysts think about Genco Shipping

Analyst ratings (Buy, Hold, Sell) for Genco Shipping stock.

Bulls say / Bears say

Genco Shipping & Trading Limited secured a $500 million revolving credit facility, increasing borrowing capacity by 46% and extending maturity to November 2028, enhancing financial flexibility for growth initiatives. (reuters.com)
The company reported a 40.5% year-over-year increase in revenue for Q4 2024, reaching $99.2 million, indicating strong operational performance. (reuters.com)
Analysts have set a consensus target price of $23.00 for Genco's stock, suggesting potential upside from current levels. (etfdailynews.com)
B. Riley reduced its Q4 2024 earnings per share estimate for Genco from $0.34 to $0.15, reflecting concerns over future profitability. (defenseworld.net)
Jefferies Financial Group downgraded Genco's price target from $25.00 to $19.00, indicating potential downside risk. (techdows.com)
Insider selling activity, including the sale of 6,226 shares by CAO Joseph Adamo and 13,602 shares by insider Jesper Christensen, may signal lack of confidence in the company's near-term prospects. (defenseworld.net)
Data summarised monthly by Lightyear AI. Last updated on 6 Jun 2025.

Genco Shipping Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Genco Shipping Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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