Seanergy Maritime Holdings Corp (SHIP) closed at $5.47 in the latest trading session, marking a +1.86% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.13%. Elsewhere, the Dow lost 1.33%, while the tech-heavy Nasdaq lost 0.13%.
Heading into today, shares of the company had lost 25.62% over the past month, lagging the Transportation sector's loss of 9.77% and the S&P 500's loss of 6.3% in that time.
The upcoming earnings release of Seanergy Maritime Holdings Corp will be of great interest to investors. The company is forecasted to report an EPS of -$0.44, showcasing a 177.19% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $23.16 million, indicating a 39.51% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.62 per share and a revenue of $147.39 million, representing changes of -73.95% and -11.98%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Seanergy Maritime Holdings Corp possesses a Zacks Rank of #4 (Sell).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 8.66. For comparison, its industry has an average Forward P/E of 8.37, which means Seanergy Maritime Holdings Corp is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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