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Eagle Bulk Shipping Inc. (NYSE: EGLE) is not a glamorous company, but it is a vital one. The New York, New York-based ocean transporter moves iron ore, coal and fertilizer internationally. Unfortunately for investors, shares have nose-dived more than 60% over the last three months. Will there be more bloodletting when third quarter results are released tomorrow? Here's what to expect:

Earnings: 44 cents per share. Expected to increase more than 18% from the same period last year, with 12 analysts' estimates varying from 42 cents per share, a nickle better than previous results, to 46 cents per share.

Revenue: $48.1 million. Expected to increase 41% with a favorable estimate range of $45 to $54.7 million.

Trackrecord: Mixed. The company has met expectations twice in the last four quarters while disappointing once (-6%) and exceeding expectations once (5.7%).

Trend: Slightly negative. EPS estimates have slipped from an average of 46 cents to 44 over the last 90 days.

Recommendation: "Buy" leaning heavily towards "hold" with an average price target of $20.67 per share from 9 analysts.

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