Seanergy Maritime Holdings Corp (SHIP) closed at $6.57 in the latest trading session, marking a -2.95% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq added 0.18%.
The stock of company has fallen by 1.6% in the past month, lagging the Transportation sector's gain of 4.86% and the S&P 500's gain of 4.97%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. The company is expected to report EPS of $0.09, down 88.31% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $35.13 million, down 18.54% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.49 per share and revenue of $140.21 million. These totals would mark changes of -79.41% and -16.27%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Seanergy Maritime Holdings Corp presently features a Zacks Rank of #3 (Hold).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 13.96. This denotes a premium relative to the industry average Forward P/E of 9.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 29, positioning it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Seanergy Maritime Holdings Corp (SHIP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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