Okeanis Eco Tankers Corp. (ECO) Tops Q1 Earnings and Revenue Estimates

Core Insights - Okeanis Eco Tankers Corp. reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of$ 0.24 per share, but down from $1.23 per share a year ago, indicating a 50% earnings surprise [1] - The company achieved revenues of$ 80.15 million for the quarter, surpassing the Zacks Consensus Estimate by 7.48%, but down from $111.12 million year-over-year [2] - The stock has gained approximately 14.9% since the beginning of the year, outperforming the S&P 500's gain of 0.1% [3] Earnings Performance - Okeanis Eco Tankers has surpassed consensus EPS estimates in all four of the last quarters [2] - The company is currently holding a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.47 on revenues of $85.46 million, and for the current fiscal year, it is$ 1.48 on revenues of $327.35 million [7] - The outlook for the Transportation - Shipping industry is currently in the bottom 19% of Zacks industries, which may impact stock performance [8]