Euroseas Ltd (ESEA)

[tasari]

Earnings are out !!! Really good numbers :

Revenue : $ 14,31M
=> highest revenue since earnings announcement 27 march 2020 => Q1 20202 !!

EPS : $ 0,53
=> triple of the result of 27 march 2020 ( Q1 2020 ) => higher than more than 8 years, yes 8 years !

The agreements are already renewed with higher value per contract.
So if 0,53 for each quarter ( like Q1 2021 ),
this means around $2 EPS for 2021 with P/E of 30 => stock price will be $60 and this is the lowest price, because normally the EPS will go up gradually easily to $2,5 so $75 for stock price, and of course the stock price always base itself on "future" earnings...

This company is back on track after soooo many years going not soo good at all !! Excellent news !!