In the latest close session, Seanergy Maritime Holdings Corp (SHIP) was down 2.07% at $8.05. The stock fell short of the S&P 500, which registered a loss of 0.28% for the day. At the same time, the Dow lost 0.52%, and the tech-heavy Nasdaq lost 0.08%.
Shares of the company have depreciated by 2.61% over the course of the past month, underperforming the Transportation sector's gain of 1.24%, and the S&P 500's gain of 4.03%.
Analysts and investors alike will be keeping a close eye on the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. On that day, Seanergy Maritime Holdings Corp is projected to report earnings of $0.39 per share, which would represent a year-over-year decline of 43.48%. Alongside, our most recent consensus estimate is anticipating revenue of $42.55 million, indicating a 4.08% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.61 per share and revenue of $145.99 million. These totals would mark changes of -74.37% and -12.82%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Seanergy Maritime Holdings Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.88% downward. Currently, Seanergy Maritime Holdings Corp is carrying 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 13.48. This expresses a premium compared to the average Forward P/E of 10.62 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 60, positioning it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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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