Star Bulk Carriers (SBLK) closed the most recent trading day at $20.75, moving +1.17% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.01%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.44%.
The shipping company's shares have seen an increase of 5.4% over the last month, surpassing the Transportation sector's gain of 2.29% and the S&P 500's gain of 0.86%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is forecasted to report an EPS of $0.52, showcasing a 52.94% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $291.28 million, reflecting a 5.71% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.85 per share and a revenue of $1.03 billion, demonstrating changes of -67.68% and 0%, respectively, from the preceding year.
Any recent changes to analyst estimates for Star Bulk Carriers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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, there's been no change in the Zacks Consensus EPS estimate. Star Bulk Carriers currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Star Bulk Carriers is currently exchanging hands at a Forward P/E ratio of 7.46. This represents a discount compared to its industry average Forward P/E of 10.88.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 60, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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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Star Bulk Carriers Corp. (SBLK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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