In the latest close session, Seanergy Maritime Holdings Corp (SHIP) was down 2.14% at $8.23. The stock's change was less than the S&P 500's daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 1.01%, while the tech-heavy Nasdaq appreciated by 1.15%.
Shares of the company witnessed a loss of 4.21% over the previous month, trailing the performance of the Transportation sector with its loss of 1.44%, and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company's upcoming EPS is projected at $0.39, signifying a 43.48% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $42.55 million, down 4.08% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.66 per share and revenue of $145.99 million, indicating changes of -72.27% and -12.82%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Seanergy Maritime Holdings Corp should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.82% increase. At present, Seanergy Maritime Holdings Corp boasts 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 12.74. This indicates a premium in contrast to its industry's Forward P/E of 11.94.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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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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