Safe Bulkers Earnings: Your Sneak Peek to the Big Announcement

Safe Bulkers (NYSE:SB) will report earnings after markets close on Wednesday, May 15th. Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal. The company has a fleet of panamax, kamsarmax, and post-panamax class vessels.

Here is your Cheat Sheet to Safe Bulkers Earnings:

Earnings Expectations: Analysts expect earnings of $0.21 per share on revenues of $40.14 million. Currently, the company’s P/E ratio stands at 4.16.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.27 to a profit $0.22. For the current year, the average estimate is a profit of $0.78, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Safe Bulkers has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 200.77 164.61 157.02 168.91 184.30
Diluted EPS ($) 2.19 3.03 1.73 1.29 1.27

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 42.92 44.07 47.02 46.84 46.31
Diluted EPS ($) 0.3322 0.30 0.28 0.27 0.4203

Past Performance:
Safe Bulkers has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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