Analyst Richard Magnusen - EuroDry (EDRY) - 3Q26 Results; Fleet Expansion

Read the full equity research on EuroDry (EDRY) here: https://www.channelchek.com/news-channel/eurodry-edry-strong-third-quarter-favorable-factors-and-fleet-expansion-ahead **About EuroDry:** EuroDry reported strong third-quarter 2026 results, driven by higher time charter equivalent (TCE) rates. Net revenues increased 34.9% year over year to $19.4 million, while average TCE rates rose 55.3% to $20,551 per day. Adjusted net income reached $6.7 million, or $2.32 per diluted share, compared with an adjusted net loss in the prior-year quarter. Adjusted EBITDA increased 174% to $11.3 million. Fleet utilization remained strong at 99.7%, supported by lower operating expenses and improved charter rates. Richard Magnusen, Research Analyst, Noble Capital Markets, Inc. Refer to the full report for the price target, fundamental analysis, and rating. This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D). *Analyst certification and important disclosures included in the full report. NOTE: Investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.*