Seanergy Maritime Holdings Corp (SHIP) closed the most recent trading day at $6.76, moving +2.89% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.26%.
The company's shares have seen a decrease of 3.95% over the last month, not keeping up with the Transportation sector's gain of 3.68% and the S&P 500's gain of 4.51%.
Analysts and investors alike will be keeping a close eye on the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.09, indicating a 88.31% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $35.13 million, indicating a 18.54% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.49 per share and revenue of $140.21 million, indicating changes of -79.41% and -16.27%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Seanergy Maritime Holdings Corp should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Seanergy Maritime Holdings Corp is at present trading with a Forward P/E ratio of 13.55. For comparison, its industry has an average Forward P/E of 9.62, which means Seanergy Maritime Holdings Corp is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 41, positioning it in the top 17% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much 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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