Seanergy Maritime Holdings Corp (SHIP) closed at $7.14 in the latest trading session, marking a -2.33% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.24%.
Shares of the company witnessed a gain of 11.43% over the previous month, beating the performance of the Transportation sector with its gain of 2.67%, and the S&P 500's gain of 4.61%.
Investors will be eagerly watching for the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.09, signifying a 88.31% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $35.13 million, showing a 18.54% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.49 per share and revenue of $140.21 million, which would represent changes of -79.41% and -16.27%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Seanergy Maritime Holdings Corp boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Seanergy Maritime Holdings Corp is presently being traded at a Forward P/E ratio of 15.07. Its industry sports an average Forward P/E of 9.81, so one might conclude that Seanergy Maritime Holdings Corp is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Seanergy Maritime Holdings Corp (SHIP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
