Seanergy Maritime Holdings Corp (SHIP) closed the most recent trading day at $8.15, moving +1.24% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.93%.
The company's stock has dropped by 9.85% in the past month, falling short of the Transportation sector's gain of 1.25% and the S&P 500's gain of 1.13%.
The upcoming earnings release of Seanergy Maritime Holdings Corp will be of great interest to investors. The company is expected to report EPS of $0.39, down 43.48% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $42.55 million, reflecting a 4.08% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.61 per share and a revenue of $145.99 million, representing changes of -74.37% and -12.82%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Seanergy Maritime Holdings Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 moved 5.88% lower. Seanergy Maritime Holdings Corp currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Seanergy Maritime Holdings Corp is holding a Forward P/E ratio of 13.2. This represents a premium compared to its industry average Forward P/E of 11.5.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 82, finds itself in the top 34% echelons 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.
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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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